A duly authorized officer of each agent of depository with which a depository maintains a security pool shall endorse upon the called report of local agency deposit and securities of such depository or attach thereto a certification that, as of the time specified by the Administrator, the total market value of all securities in the security pool exceeded, in case such security pool is a security pool (non-REN), by at least 10 percent, or in case such security pool is a security pool (REN), by at least 50 percent, the total of the secured local agency deposits secured by such security pool, as reported by the depository, or if, as of the time specified by the Administrator, the total market value of all securities in the security pool did not exceed by at least 10 percent or 50 percent, as the case may be, the total of the secured local agency deposits secured by such security pool, as reported by the depository, a certification to such effect, specifying the difference, as of the time specified by the Administrator, between the total market value of all securities in the security pool and 110 percent or 150 percent, as the case may be, of the total of the secured local agency deposits secured by such security pool, as reported by the depository.

Note: Authority cited: Section 53661, Government Code. Reference: Article 2 (commencing with Section 53630), Chapter 4, Part 1, Division 2, Title 5, Government Code as amended by Stats. 1972, Chap. 756.

History

1. New section 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).

3. Amendment filed 7-16-80; effective thirtieth day thereafter (Register 80, No. 29).