Ala. Admin. Code r. 892-X-1-.05
Maintaining Active Status
Effective Nov 7, 2011New Rule: Filed March 28, 2001; effective May 2, 2001. Amended (only rule number changed): Filed September 19, 2002; effective October 24, 2002. Amended: Filed December 20, 2004; effective January 24, 2005. Amended: Filed August 20, 2008; effective September 24, 2008. Amended: Filed October 3, 2011; effective November 7, 2011.State Treasurer’s Office
- (1) A QPD may maintain active status in the SAFE Program without holding public deposits. Active status will allow the depository to have the necessary paperwork in good order to accept public deposits upon request.
- (2) All required and completed forms and reporting requirements shall remain in effect.
- (3) Minimum collateral maintained shall be $100,000 of eligible collateral.
Author: Daria S. Story, SAFE Division, Office of State Treasurer
Statutory Authority: Code of Ala. 1975, §§41-14A-6, as amended.
Editor’s Note: Rule 892-X-1-.06, was renumbered to Rule 892-X-1-.05 as per certification filed September 19, 2002; effective October 24, 2002.
History: New Rule: Filed March 28, 2001; effective May 2, 2001. Amended (only rule number changed): Filed September 19, 2002; effective October 24, 2002. Amended: Filed December 20, 2004; effective January 24, 2005. Amended: Filed August 20, 2008; effective September 24, 2008. Amended: Filed October 3, 2011; effective November 7, 2011.