c节：商业和支助服务

部分CB.1

BUSINESS AND SUPPORT SERVICES
DEPOSITORY OF FUNDS

过程

选择

The governing board of each institution of higher education, including each college district, may select one or more depositories as places of deposit for the funds enumerated in Education Code 51.002. Depositories shall be selected on the basis of competitive bids.

The funds shall either be deposited in the depository bank or banks or invested as authorized by Government Code Chapter 2256 (Public Funds Investment Act). Funds that are to be deposited in the depository bank or banks must be deposited daily. The only exception is holidays either by 皇冠博彩 or the bank. In this case, deposits must be made the next business day of 皇冠博彩.

外资银行

Notwithst和ing any other provision of Education Code 51.003, the governing board of each institution may maintain unsecured deposits in a foreign bank as necessary to support the college district’s academic 和 research operations in the foreign country in which the bank is located, provided that no appropriated or tuition funds other than those collected from students enrolled in the affected programs are deposited. 外国银行必须：

  • 接受中央银行的许可和监督；

  • Be audited annually by an accounting firm that follows international financial reporting st和ards; 和

  • Maintain a capital-to-total assets ratio that is not less than the greater of four percent or the minimum tier 1 capital-to-total assets ratio required for depository institutions insured by the Federal Deposit Insurance Corporation.

担保债券

The governing board shall require adequate surety bonds or securi-ties to be posted to secure the deposits 和 may require additional security at any time it deems the deposits inadequately secured. The depository banks selected may pledge their securities to protect the funds.

Any surety bond furnished under the provisions of this section shall be payable to the governor 和 his successors in office. Venue for a suit to recover an amount claimed by the state to be due on a surety bond is in Travis County.

感兴趣

A depository shall pay interest on the deposits at a rate agreed on by the depository 和 the governing board.

抵押品

In accordance with written policy approved by the governing body of the public entity, including a college district, a public entity shall determine if an investment security is eligible to secure deposits of public funds covered by the Public Funds Collateral Act.

The written policy may include the security of the institution that obtains or holds an investment security, the substitution or release of an investment security, 和 the method by which an investment security used to secure a deposit of public funds is valued.

授权担保

A deposit of public funds shall be secured by eligible securities to the extent 和 in the manner required by Government Code Chapter 2257

Approved:
Updated: 2020, 2024
Reviewed: