N.Y. Comp. Codes R. & Regs. tit. 9 § 1645-5.1

Current through Register Vol. 46, No. 25, June 18, 2024

Section 1645-5.1 - General

(a) With each financial report submitted to the division, there shall be included a schedule analyzing the balance of each investment account in the 1170 group of asset accounts. The analysis, in effect, is a recapitulation and trial balance of the investment ledger, by funds. The maturity value, interest rate, due date, and book value should be included, as follows:

Account 1172, Development Fund Investments
Maturity value	Description	Book value
$10,000.00	U.S. Treasury Certificates of Indebtedness, *7/8 per cent due June 20, 1947	$10,300.00
Total Development Fund Investments		$10,300.00

(b) The schedule for reserve fund investments, should, in addition, be further analyzed to show the investments being held for each reserve. Financial reports are due monthly during the development period, and quarterly during the operating period.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 1645-5.1