Section 4.103 - Depository Institution Eligibility and Participation(a) Participation in the pooled collateral program by a depository institution is voluntary.(b) A depository institution may participate in the pooled collateral program if: (1) the comptroller has approved the depository institution's participation in the pooled collateral program;(2) the depository institution has entered into a binding collateral security agreement with a public entity for the deposit of public funds and the agreement permits the depository institution's participation in the pooled collateral program;(3) the comptroller has approved or provided the collateral security agreement form used; and(4) deposits in the depository institution are insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.34 Tex. Admin. Code § 4.103
The provisions of this §4.103 adopted to be effective October 19, 2010, 35 TexReg 9345