2.2-4411 - Reports of qualified public depositories. - Virginia Statutes

§ 2.2-4411. Reports of qualified public depositories.

By the tenth day after the end of each calendar reporting month or whenrequested by the Treasury Board each qualified public depository shall submitto the Treasury Board an electronic report of such data required by theTreasury Board to demonstrate that the current market value of its pledgedcollateral was equal to or greater than the amount of required collateral forthe previous month, certified as to its accuracy by an authorized official ofthe qualified public depository.

Upon request by a public depositor, a qualified public depository shallprovide a schedule detailing the public deposit accounts reported to theTreasury Board for that depositor, as well as the amount of total publicdeposits held by that depository at the close of the applicable month and thetotal market value of the collateral securing such public deposits.

(1973, c. 172, § 2.1-369; 1979, c. 154; 2001, c. 844; 2010, cc. 640, 674.)