Cal. Code Regs. tit. 2 § 16001.5.7

Current through Register 2025 Notice Reg. No. 2, January 10, 2025

Section 16001.5.7 - Description of Security

Whenever the Local Agency Deposit Security Law or this Chapter requires a description of a security or that a security be described, the following information shall be furnished with respect to such security:

(a) In case the security is a security (non-REN):

(1) Name of obligor.

(2) Type (e.g., bond, debenture, note, etc.).

(3) Date of maturity.

(4) Interest rate, if any.

(5) Par value.

(6) In the case of a security which is a bond, note, certificate of indebtedness, warrant, or other obligation issued by any state of the United States (other than the State of California), the Commonwealth of Puerto Rico, any local agency of such state or Commonwealth, or any department, board, agency, or authority of such state or Commonwealth, the rating of such security and the name of the investment service organization which provided such rating.

(b) In case the security is a security (REN):

(1) Identification or serial number assigned to the security by the depository.

(2) Name of obligor.

(3) Date of the security.

(4) Original principal balance.

(5) Unpaid principal balance.

Cal. Code Regs. Tit. 2, § 16001.5.7

1. New subsection (f) filed 3-1-73 as an emergency; designated effective 3-7-73 (Register 73, No. 9).
2. Certificate of Compliance filed 5-2-73 (Register 73, No. 18).
3. Amendment filed 7-16-80; effective thirtieth day thereafter (Register 80, No. 29).

Note: Authority cited: Section 53661, Government Code. Reference: Article 2, Chapter 4, Part 1, Division 2, Title 5, Government Code.