- (1) A public entity shall file a written report with the Council of reciprocal deposits on or before July 31 and January 31 of each year for deposits held on June 30 and December 31 respectively.
- (2) Within 10 days of the end of each month, each qualified depository institution holding reciprocal deposits on behalf of public treasurers shall file a report with the Commissioner of the total month-end amount of Utah public funds in reciprocal deposits initially deposited into the qualified depository institution and currently re-deposited in one or more FDIC insured depository institutions.
KEY: public funds, qualified depository, reciprocal deposits
Date of Last Change: June 21, 2024
Authorizing, and Implemented or Interpreted Law: 51-7-17(4)(b); 51-7-18(2)(b)