(2) Funds the State Treasurer deposits on a time basis must be deposited at the highest rate of interest available for the amount and term of the deposit.
(3) The State Treasurer shall establish time deposits so as to make the deposited moneys as productive as possible, and shall exercise the judgment and care that a person of prudence, discretion and intelligence exercises in the management of the person’s own affairs, considering the probable income and the probable safety of the moneys deposited and considering the distribution of the deposits among depositories so as to minimize the possibility of loss of moneys. [Formerly 295.115; 2010 c.101 §21]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 295 - Depositories of Public Funds and Securities
Section 295.001 - Definitions for ORS 295.001 to 295.108.
Section 295.002 - Deposit of public funds; exceptions; limitation on personal liability.
Section 295.004 - Conditions for deposit of funds in excess of specified amounts.
Section 295.006 - Public official filings with State Treasurer; rules.
Section 295.007 - Conditions for acting as custodian; rules.
Section 295.008 - Qualified depositories.
Section 295.013 - Custodian’s receipt; duties of custodian; rules.
Section 295.015 - Maintenance of securities by qualified depository.
Section 295.031 - Notice to public officials regarding adequacy of collateral.
Section 295.034 - Withdrawal of inadequately collateralized funds.
Section 295.037 - Distribution of collateral after loss in qualified depository.
Section 295.038 - Assessment against collateral of qualified depositories.
Section 295.039 - State Treasurer acceptance of moneys for purposes of administering ORS 295.038.
Section 295.046 - Limitation on acceptance of public funds from single public official; exceptions.
Section 295.048 - Limitations on aggregate uninsured public funds deposits; notice; exceptions.
Section 295.071 - Investigation by regulatory bodies other than State Treasurer.
Section 295.081 - Time deposits.
Section 295.091 - Geographic preference in selecting depositories; apportioning funds; interest.
Section 295.098 - Public body agreements with third parties; alternative methods.
Section 295.101 - Public funds not subject to ORS 295.001 to 295.108.
Section 295.103 - Certain moneys related to motor carriers not public funds.
Section 295.108 - State Treasurer rules; form of report.
Section 295.205 - Accounts in financial institutions outside Oregon; conditions; rules.