Oregon Statutes - Chapter 295 - Depositories of Public Funds and Securities

• 295.001   Definitions for ORS 295.001 to 295.108.
  As used in ORS 295.001 to 295.108, unless the context requires otherwise: (1) “Adequately capitalized” means a bank depository that is classified as adequately capitalized...
• 295.002   Deposit of public funds; limitation; exception.
  (1) Any public official may retain undeposited such reasonable cash working fund as is fixed by the governing body of the political subdivision or public...
• 295.004   Conditions for deposit of funds in excess of specified amounts.
  (1) A public official may deposit public funds in a bank depository in an amount in excess of the amount allowed in ORS 295.002 without...
• 295.005   [1967 c.451 §1; 1973 c.157 §4; 1973 c.288 §2; 1973 c.378 §1; 1973 c.797 §426; 1975 c.515 §8; 1981 c.440 §2; 1983 c.104 §3; 1983 c.456 §4; 1985 c.439 §1; 1985 c.565 §51; 1987 c.524 §1; 1989 c.536 §1; 1991 c.352 §6; 1993 c.74 §1; 1993 c.229 §23; 1993 c.318 §12; 1997 c.631 §447; 1999 c.311 §1; 1999 c.412 §3; 2003 c.195 §17; 2003 c.405 §2; 2005 c.443 §§32,32a; 2007 c.783 §123; 2007 c.871 §15a; renumbered 295.001 in 2007]
• 295.006   Bank depository and public official filings with State Treasurer; rules.
  (1) Each bank depository shall keep on file with the State Treasurer the name and address of its custodian bank. (2) Each public official shall...
• 295.008   Conditions for acting as custodian or bank depository.
  (1)(a) An insured institution or trust company may not be a custodian bank under ORS 295.001 to 295.108, unless it certifies in writing to the...
• 295.010   [Amended by 1953 c.352 §3; 1957 c.172 §1; 1965 c.169 §1; repealed by 1967 c.451 §32]
• 295.011   [2005 c.112 §4; 2005 c.443 §32c; 2007 c.783 §124; renumbered 295.101 in 2007]
• 295.013   Custodian’s receipt; duties of custodian.
  (1) Upon receipt of securities from the bank depository, the custodian bank shall issue to the State Treasurer, with a copy to the bank depository,...
• 295.015   Maintenance of securities by bank depository.
  Except as provided in ORS 295.018: (1)(a) Each bank depository throughout the period of its possession of public fund deposits in excess of the amounts...
• 295.018   Increase in required collateral of bank depository; notifications; failure to increase collateral.
  (1) The State Treasurer may require any bank depository during any period when it has in its possession public fund deposits to maintain on deposit...
• 295.020   [Repealed by 1967 c.451 §32]
• 295.022   Collateral not required for deferred compensation funds.
  Notwithstanding any other provision of this chapter, when a bank, mutual savings bank or savings and loan association receives moneys of the Deferred Compensation Fund...
• 295.025   [1967 c.451 §3; 1973 c.288 §3; 1999 c.48 §1; 2003 c.405 §6; 2007 c.871 §19; renumbered 295.002 in 2007]
• 295.027   [2005 c.58 §1; 2007 c.871 §20; renumbered 295.004 in 2007]
• 295.030   [Repealed by 1967 c.451 §32]
• 295.031   Notice to public officials regarding adequacy of collateral.
  (1) Within five business days after the State Treasurer receives notice from a custodian pursuant to ORS 295.013 (2)(e) indicating that a bank depository has...
• 295.034   Withdrawal of inadequately collateralized funds.
  (1) Within 20 business days after a public official receives a notice from the State Treasurer pursuant to ORS 295.018 (5)(a) or 295.031 (1), the...
• 295.035   [1967 c.451 §4; 2007 c.871 §21; renumbered 295.013 in 2007]
• 295.037   Distribution of collateral after loss in bank depository; assessments.
  (1) The deposit of securities by a bank depository with its custodian pursuant to ORS 295.001 to 295.108 constitutes consent by the bank depository to...
• 295.040   [Amended by 1959 c.330 §1; 1963 c.128 §1; 1965 c.629 §1; repealed by 1967 c.451 §32]
• 295.041   Subrogation rights of State Treasurer.
  Upon the distribution of the proceeds of assessments and liquidated collateral pursuant to ORS 295.037 by the State Treasurer to any public official, the State...
• 295.045   [1967 c.451 §5; repealed by 2007 c.871 §35]
• 295.045   Designation of pool managers; procedure for changing managers.
  Each depository bank shall designate one or more pool managers as provided in ORS 295.001 to 295.125; but it shall designate only one pool manager...
• 295.046   Limitation on depository acceptance of public funds from single public official; exception.
  (1) A bank depository may not accept a deposit of public funds if the deposit would cause the aggregate of public funds deposits made by...
• 295.048   Limitations on aggregate public funds deposits; notice; exceptions.
  (1) Notwithstanding ORS 295.046, a bank depository may not permit the aggregate of public funds deposits on deposit with the bank depository from all public...
• 295.050   [Repealed by 1967 c.451 §32]
• 295.053   Custodian duties when bank depository ceases holding public funds; securities.
  (1) If a bank depository ceases holding public funds deposits, the bank depository’s custodian shall continue to hold the pledged securities of the bank depository...
• 295.055   [1967 c.451 §6; 2007 c.871 §22; renumbered 295.006 in 2007]
• 295.056   Liability of public officials for loss of public funds.
  When public funds deposits are made in accordance with ORS 295.001 to 295.108, a public official may not be held liable for any loss of...
• 295.060   [Repealed by 1967 c.451 §32]
• 295.061   Treasurer reports; filing; notification of changes.
  (1) On or before each treasurer report due date, each bank depository that has in its possession public funds deposits of one or more public...
• 295.065   [1967 c.451 §7; 1973 c.378 §2; 1975 c.515 §4; repealed by 2007 c.871 §35]
• 295.065   Duties of pool manager.
  Each pool manager shall: (1) Maintain an accurate inventory of the securities of each depository bank described in the custodian’s receipts transmitted to it from...
• 295.070   [Repealed by 1967 c.451 §32]
• 295.071   Investigation by regulatory bodies other than State Treasurer.
  (1) The State Treasurer may request that the Director of the Department of Consumer and Business Services or another state or federal agency with primary...
• 295.073   Report to State Treasurer of certain actions by Director of Department of Consumer and Business Services.
  The Director of the Department of Consumer and Business Services shall advise the State Treasurer of any action the director takes or directs any bank...
• 295.075   [1965 c.629 §3; repealed by 1967 c.451 §32]
• 295.080   [Amended by 1959 c.330 §2; 1963 c.520 §2; 1967 c.335 §33; repealed by 1967 c.451 §32]
• 295.081   Time deposits.
  (1) Subject to ORS 295.002, 295.015 and 295.018, any depository may offer in writing to accept from the State Treasurer time deposits without limitation in...
• 295.084   Designation of depository; collection for claims due state.
  (1) The State Treasurer may designate such banks as are necessary within this state as depositories for the collection of drafts, checks, certificates of deposit...
• 295.085   [1967 c.451 §8; repealed by 2007 c.871 §35]
• 295.085   Requiring special certification of collateral value.
  If, in the opinion of the State Treasurer, market conditions so indicate, the State Treasurer may require certification of collateral value in accordance with ORS...
• 295.087   Department of State Lands to invest proceeds from sales of public lands.
  Nothing in ORS 295.001 to 295.108 deprives the Department of State Lands of the power to invest or dispose of the funds derived from the...
• 295.090   [Amended by 1959 c.330 §3; repealed by 1967 c.451 §32]
• 295.091   Preference in selecting depositories for political subdivisions; apportioning funds; interest.
  (1) In selecting banks or trust companies to act as depositories, public officials are not limited to the appointment of banks or trust companies in...
• 295.093   Depositing moneys with treasurer of political subdivision.
  Any public official may deposit moneys coming into the hands of the public official in connection with official duties with the treasurer of the political...
• 295.095   [1967 c.451 §9; 1969 c.314 §20; 1973 c.378 §3; 1983 c.456 §7; repealed by 1999 c.311 §8]
• 295.100   [Repealed by 1967 c.451 §32]
• 295.101   Public funds not subject to ORS 295.001 to 295.108.
  (1) The following public funds are not subject to the provisions of ORS 295.001 to 295.108: (a) Funds that are deposited for the purpose of...
• 295.105   [1967 c.451 §10; 1973 c.438 §1; 1975 c.515 §5; 1983 c.296 §10; 1985 c.762 §183; 1999 c.311 §2; repealed by 2007 c.871 §35]
• 295.105   Effect of deposit of securities; procedure in case of default of depository bank; rules.
  (1) The deposit of securities by a depository bank with its custodian pursuant to ORS 295.001 to 295.125 constitutes consent by the depository to the...
• 295.106   State Treasurer charges; expenses.
  The State Treasurer may charge bank depositories for the reasonable expenses of the State Treasurer in connection with the services, duties and activities of the...
• 295.108   State Treasurer rules; form of report.
  (1) The State Treasurer shall adopt rules implementing the provisions of ORS 295.001 to 295.108. (2) The State Treasurer shall design the treasurer report required...
• 295.110   [Amended by 1953 c.352 §3; repealed by 1967 c.451 §32]
• 295.115   [1967 c.451 §11; 1989 c.319 §1; 2007 c.871 §23; renumbered 295.081 in 2007]
• 295.120   [Amended by 1953 c.352 §3; repealed by 1967 c.451 §32]
• 295.125   [1967 c.451 §12b; 1981 c.189 §1; 1989 c.319 §2; repealed by 2007 c.871 §35]
• 295.125   Deposits for terms not exceeding two years; interest; retention of sum by State Treasurer to pay current obligations.
  (1)(a) The State Treasurer may deposit moneys not required to meet current demands for a term not to exceed two years at such interest rates...
• 295.130   [Amended by 1953 c.352 §3; repealed by 1967 c.451 §32]
• 295.135   [1967 c.451 §13; 1981 c.189 §2; 1991 c.6 §1; renumbered 295.084 in 2007]
• 295.140   [Repealed by 1953 c.352 §3]
• 295.145   [1967 c.451 §14; renumbered 295.087 in 2007]
• 295.150   [Repealed by 1967 c.451 §32]
• 295.155   [1967 c.451 §15; 2005 c.22 §225; renumbered 295.091 in 2007]
• 295.160   [Repealed by 1967 c.451 §32]
• 295.165   [1967 c.451 §16; renumbered 295.093 in 2007]
• 295.170   [Repealed by 1967 c.451 §32]
• 295.175   [1967 c.451 §30; 1989 c.569 §5; repealed by 2007 c.871 §35]
• 295.175   Expenses of State Treasurer as pool manager; rules.
  The expense of the State Treasurer in acting as a pool manager shall be paid to the State Treasurer by the depository bank using the...
• 295.180   [Repealed by 1967 c.451 §32]
• 295.185   [1983 c.456 §6; repealed by 2007 c.871 §35]
• 295.185   Maintenance of certain securities as collateral at rate set by State Treasurer.
  Notwithstanding the provisions of ORS 295.001 to 295.125, securities described in ORS 295.001 (7)(g) shall be maintained as collateral for public deposits at the value...
• 295.190   [Repealed by 1967 c.451 §32]
• 295.195   When deposit in foreign country authorized; effect on collateral.
  (1) Notwithstanding any other provision of ORS chapter 295, the Department of Higher Education, with the approval of the State Treasurer, may deposit funds in...
• 295.200   [Repealed by 1967 c.451 §32]
• 295.205   Accounts in financial institutions outside Oregon; conditions; rules.
  (1) Notwithstanding any other law: (a) The State Treasurer may establish demand deposit accounts in financial institutions outside this state for the purpose of accepting...
• 295.210   [Repealed by 1967 c.451 §32]
• 295.220   [Repealed by 1967 c.451 §32]
• 295.230   [Repealed by 1967 c.451 §32]
• 295.240   [Repealed by 1967 c.451 §32]
• 295.410   [Repealed by 1967 c.451 §32]
• 295.420   [Repealed by 1967 c.451 §32]
• 295.430   [Repealed by 1967 c.451 §32]
• 295.440   [Amended by 1957 c.171 §1; 1965 c.169 §2; repealed by 1967 c.451 §32]
• 295.450   [Repealed by 1967 c.451 §32]
• 295.460   [Repealed by 1967 c.451 §32]
• 295.470   [Repealed by 1967 c.451 §32]
• 295.480   [Repealed by 1967 c.451 §32]
• 295.490   [Amended by 1963 c.502 §5; repealed by 1967 c.451 §32]
• 295.500   [Repealed by 1967 c.451 §32]
• 295.510   [Repealed by 1967 c.451 §32]
• 295.520   [Repealed by 1967 c.451 §32]
• 295.530   [Repealed by 1967 c.451 §32]
• 295.990   [Repealed by 1967 c.451 §32]
• 295.991   [1967 c.451 §18; repealed by 1971 c.743 §432]

Last modified: August 7, 2008