Rule 113-7-01 | Linked deposit program definitions.
(A) As used in this chapter:
(1) "Active deposit" shall have the same meaning as in section 135.01 of the Revised Code.
(2) "Eligible credit union" shall have the same meaning as in section 135.62 of the Revised Code
(3) "Deposit Agreement" means the agreement between the eligible credit union and the treasurer of state entered into pursuant to section 135.623 or section 135.703 of the Revised Code.
(4) "Interim deposit" and "interim moneys" shall have the same meanings as in section 135.01 of the Revised Code.
(5) "Interim funds" means public moneys in the state treasury that are not active deposits and may be invested in accordance with section 135.143 of the Revised Code.
(6) "Linked deposit program" shall have the same meaning as in sections 135.62 and 135.70 of the Revised Code.
(7) "Public deposit" shall have the same meaning as in section 135.01 of the Revised Code.
(8) "Public depository" shall have the same meaning as in section 135.01 of the Revised Code.
(9) "Public moneys" shall have the same meaning as in section 135.01 of the Revised Code.
(10) "Treasurer of state's assessment rate" shall have the same meaning as in section 135.62 of the Revised Code.
(11) "Uninsured public deposit" means the portion of a public deposit that is not insured by the national credit union administration or any other agency or instrumentality of the federal government.
(B) This chapter shall govern the participation of eligible credit unions in linked deposit programs, as authorized under section 135.61 of the Revised Code. Any requirements of Chapter 135. of the Revised Code generally applicable to a public depository and not expressly clarified in this chapter shall be applicable to an eligible credit union.
Last updated January 2, 2024 at 9:06 AM
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