Public Finance

CHAPTER 35-10.1
Collateralization of Public Deposits

SECTION 35-10.1-9

§ 35-10.1-9. Federal deposit insurance.

Public deposits which are fully insured by federal deposit insurance, subject to deposit insurance limitations, shall not be required to be secured by eligible collateral as provided by this chapter.

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