Public Finance

State Funds

SECTION 35-4-4.1

§ 35-4-4.1. State Linked Deposit Policy – Short title.

Sections 35-4-4.1 – 35-4-4.6 shall be known as the "State Linked Deposit Policy", as it will link the deposit of state funds with bank performance as determined by the rating system utilized by federal regulatory authorities in compliance with the provisions of the federal Community Reinvestment Act (CRA), 12 U.S.C. § 2901 et seq., and the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), 12 U.S.C. § 3331 et seq.

History of Section.
(P.L. 1992, ch. 175, § 1.)