Public Finance

CHAPTER 35-10.1
Collateralization of Public Deposits

SECTION 35-10.1-5

§ 35-10.1-5 Valuation of collateral.

The valuation of collateral shall be established initially at the time the collateral is pledged and shall be adjusted thereafter as of the last day of each month. For the purpose of this chapter, the value of collateral shall be its market value.

History of Section.
(P.L. 1991, ch. 44, art. 74, § 1.)