CHAPTER 13. STATE BOARD OF INVESTMENT
Supp. 06-1
Editor's Note: The name of the State Board of Deposit was changed to the State Board of Investment by Laws 1998, Ch. 69, § 6, effective May 7, 1998 (Supp. 06-1).
Article 1, consisting of Sections R2-13-101 through R2-13-103, adopted effective July 12, 1996 (Supp. 96-3).
Former Article 1, consisting of Sections R2-13-01 and R2-13-02, adopted as an emergency action effective April 25, 1980, pursuant to A.R.S. § 41-1003, valid for only 90 days (Supp. 80-2). Emergency expired.
R2-13-102. Servicing Bank Charges Account
R2-13-103. Information Required to be Submitted with Servicing Bank's Monthly Statement
In this Article, unless otherwise specified, the following terms mean:
1. "Finance Division" means the Division of Finance of the Department of Administration.
2. "General Fund" means the General Fund of the State as defined in A.R.S. § 35-141.
3. "Servicing Bank" means the bank awarded the servicing bank contract pursuant to A.R.S. § 35-315(C).
4. "Servicing Bank Contract" means the contract awarded pursuant to A.R.S. § 35-315.
Historical Note
Adopted effective July 12, 1996 (Supp. 96-3). R2-13-101(3) reflects corrected A.R.S. citation (Supp. 06-1).
R2-13-102. Servicing Bank Charges Account
A. As authorized by A.R.S. § 35-315(B), General Fund interest earnings shall be deposited monthly into a General Fund account known as the "Servicing Bank Charges Account" to the extent necessary to pay for current servicing charges.
B. Claims for servicing bank charges shall be paid from the Servicing Bank Charges Account. After each payment the Finance Division shall transfer any remaining interest earnings in the Servicing Bank Charges Account into the General Fund.
Historical Note
Adopted effective July 12, 1996 (Supp. 96-3). R2-13-102(A) reflects corrected A.R.S. citation (Supp. 06-1).
R2-13-103. Information Required To Be Submitted with Servicing Bank's Monthly Statement
This Servicing Bank shall deliver to the state treasurer its monthly account analysis statement for services rendered in the preceding month which shall include the number and type of transactions performed, amount and time duration of deposits, and any other information required under the servicing bank contract.
Scott
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