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A B C D E F G H I J K L

FILE:  DG
CRITICAL

 

DEPOSITORY OF FUNDS

 


Selection of depositories shall be made by the bid selection process established by state law and as set forth in administrative procedure, DG-AP.


Each depository selected shall, within ten (10) days after its selection, post securities in accordance with state law. Collateralized investments will comply with the requirements of the Financial Institutions Reform, Recovery and Enforcement Act of 1989.


All revenue received by the School District of the City of St. Charles shall be deposited in the official depository as determined by the Board.


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Note:  The reader is encouraged to check the index located at the beginning of this section for other pertinent policies and to review administrative procedures and/or forms for related information.

 

Adopted:       10/14/1993

 

Revised:        01/14/1999; 06/08/2000

 

Legal Refs:    §§ 110.010 - .020, 165.201 - .291, RSMo.

12 U.S.C. § 1823(e)


St. Charles School District, St. Charles, Missouri

 

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For Office Use Only: DG-C.SC6 (03/00)

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