Common use of Collateral Requirements Clause in Contracts

Collateral Requirements. All amounts deposited or invested with financial institutions in excess of anyinsurance limit shall be collateralized in accordance with the Public Funds Investment Act, 30 ILCS 235/. The Superintendent or designee shall keep the Board informed of collateral agreements. Safekeeping and Custody Arrangements The preferred method for safekeeping is to have securities registered in the District's name and held bya third-partycustodian. Safekeeping practices should qualify for the Governmental Accounting Standards Board Statement No. 3, Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements, Category I, the highest recognized safekeeping procedures.

Collateral Requirements. All amounts deposited or invested with financial institutions in excess of anyinsurance limit shall be collateralized in accordance with the Public Funds Investment Act, 30 ILCS 235/. The Superintendent or designee shall keep the Board informed of collateral agreements. Safekeeping and Custody Arrangements The preferred method for safekeeping is to have securities registered in the District's name and held bya third-partycustodian. Safekeeping practices should qualify for qualifyfor the Governmental Accounting Standards Board (GASB) Statement No. 3, Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements, Category I, the highest recognized safekeeping procedures.

Collateral Requirements. All amounts deposited or invested with financial institutions in excess of anyinsurance limit shall be collateralized in accordance with the Public Funds Investment Act, 30 ILCS 235/. The Superintendent Director or designee shall keep the Board informed of collateral agreements. Safekeeping and Custody Arrangements The preferred method for safekeeping is to have securities registered in the DistrictAssociation's name and held bya third-partycustodian. Safekeeping practices should qualify for the Governmental Accounting Standards Board Statement No. 3, 3 Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements, Category I, the highest recognized safekeeping procedures.

Collateral Requirements. All amounts deposited or invested with financial institutions in excess of anyinsurance limit shall be collateralized in accordance with the Public Funds Investment Act, 30 ILCS 235/. The Superintendent or designee shall keep the Board informed of collateral agreements. Safekeeping and Custody Arrangements The preferred method for safekeeping is to have securities registered in the District's name and held bya third-partycustodian. Safekeeping practices should qualify for the Governmental Accounting Standards Board (GASB) Statement No. 3, Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements, Category I, the highest recognized safekeeping procedures.

Collateral Requirements. All amounts deposited or invested with financial institutions in excess of anyinsurance any insurance limit shall be collateralized in accordance with the Public Funds Investment Act, 30 ILCS 235/. The Superintendent or designee shall keep the Board informed of collateral agreements. Safekeeping and Custody Arrangements The preferred method for safekeeping is to have securities registered in the District's name and held bya by a third-partycustodianparty custodian. Safekeeping practices should qualify for the Governmental Accounting Standards Board Statement No. 3, 3 Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements, Category I, the highest recognized safekeeping procedures.