Utah Admin. Code R628-22-4
"Negotiable brokered certificate of deposit" means: a certificate of deposit issued by a financial institution that is guaranteed by the applicable federal deposit insurance limit and that can be sold in a secondary market, but cannot be cashed in before maturity.
"Step up" negotiable brokered certificates of deposit means: the interest rate automatically increases at specified intervals.
For purposes of this rule the following terms are defined in Section 51-7-3 of the Act and when used in this rule have the same meaning as in the Act:
KEY: public funds, investments, brokered certificates of deposit
Date of Last Change: November 21, 2024
Notice of Continuation: July 30, 2024
Authorizing, and Implemented or Interpreted Law: 51-7-17(4); 51-7-11(3)(p)