Ill. Admin. Code tit. 74 § 740.320

Current through Register Vol. 48, No. 45, November 8, 2024

Section 740.320 - Custodian Bank Responsibilities

The custodian bank is responsible for the day-to-day management of IPTIP and will perform the following:

a) Enroll public agencies that meet the participation requirements set forth in Section 740.400;

b) Provide participant accounting services;

c) Provide custodial services to participants;

d) Provide customer service;

e) Provide transfer agent and recordkeeping services;

f) Provide training;

g) Retain copies of participant documents; and

h) Provide sufficient reporting capabilities to the Treasurer and to participants.

Ill. Admin. Code tit. 74, § 740.320

Adopted at 43 Ill. Reg. 2299, effective 1/31/2019.