1. (a) Description of security which the Administrator has determined is not qualified to secure a secured local agency deposit; provided, however, that such description need not contain the information called for in Paragraph (6) Subdivision (a) of Section 16001.5.7 of this Chapter.
2. (b) Statement of reasons why the Administrator has determined that such security is not qualified to secure a secured local agency deposit.
3. (c) Identification of security pool in which such security is held.
4. (d) Order to effect a plus substitution of securities with respect to such security or to show in accordance with Section 16008.1.7 of this Chapter that such substitution is not necessary, on or before the date specified in such order.

An order to substitute for nonqualified security shall be in writing, addressed to the depository and executed by the Administrator, and shall contain the following:

Note: Authority cited: Section 53661, Government Code. Reference: Section 53661, Government Code.

History

1. Renumbering from Section 16008.2.2 and amendment of subsections (a) and (d) 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 of subsection (a) filed 7-16-80; effective thirtieth day thereafter (Register 80, No. 29).