35-1202. Powers of the statewide collateral pool administrator
The statewide collateral pool administrator is established in the office of the state treasurer. On or before July 1, 2014, the administrator shall have the necessary policies and procedures in place to implement this chapter. The administrator may:
1. Adopt and enforce the policies and procedures necessary to carry out this chapter. Any policies set forth by the administrator shall be developed, including a comment period, in consultation with financial institutions that serve as eligible depositories and public depositors.
2. Prescribe and enforce policies fixing the terms and conditions under which uninsured public deposits must be secured by collateral under this chapter.
3. Require any eligible depository to provide information concerning its public deposits as requested by the administrator.
4. Determine when a default or insolvency has occurred and take such action as the administrator may deem advisable for the protection, collection, compromise or settlement of any claim arising in case of default or insolvency.
Section: Previous 35-1001 35-1002 35-1003 35-1004 35-1005 35-1101 35-1201 35-1202 35-1203 35-1204 35-1205 35-1206 35-1207 35-1208 35-1209 NextLast modified: October 13, 2016