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.
* * * * * * *
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.
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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