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TITLE 34PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 4TREASURY ADMINISTRATION
SUBCHAPTER APOOLED COLLATERAL PROGRAM
RULE §4.103Depository Institution Eligibility and Participation
(a) Participation in the pooled collateral program by a depository institution is voluntary.

(b) A depository institution may participate in the pooled collateral program if:

  (1) the comptroller has approved the depository institution's participation in the pooled collateral program;

  (2) the depository institution has entered into a binding collateral security agreement with a public entity for the deposit of public funds and the agreement permits the depository institution's participation in the pooled collateral program;

  (3) the comptroller has approved or provided the collateral security agreement form used; and

  (4) deposits in the depository institution are insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.

Source Note: The provisions of this §4.103 adopted to be effective October 19, 2010, 35 TexReg 9345

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