Statutes, codes, and regulations
California Code Of Regulations
Title 2 - AdministrationDivision 4.5 - Local Agency Deposit SecurityChapter 2 - Administrator of Local Agency SecuritySubchapter 8 - Nonqualification of Security
Article 1 - Order to Substitute for Nonqualified Security
Section 16008.1.1 - Order to Substitute for Nonqualified Security-Issuance

Cal. Code Regs. tit. 2 § 16008.1.1

Download
PDF
Current through Register 2025 Notice Reg. No. 2, January 10, 2025
Section 16008.1.1 - Order to Substitute for Nonqualified Security-Issuance

Whenever the Administrator determines that a security held by an agent of depository for the purpose of securing a secured local agency deposit in a depository is not qualified to secure a secured local agency deposit, the Administrator shall issue to such depository an order to substitute for nonqualified security.

Cal. Code Regs. Tit. 2, § 16008.1.1

1. Repealer of former Article 1 (Sections 16008.1.1 through 16008.1.4, renumbering of Article 2 to Article 1 and renumbering of Section 16008.2.1 to 16008.1.1 filed 3-1-73 as an emergency; designated effective 3-7-73 (Register 73, No. 9).
2. Certificate of Compliance filed 5-2-73 (Register 73, No. 18).