7 Tex. Admin. Code § 75.332

Current through Reg. 49, No. 45; November 8, 2024

Section 75.332 - Pledging of Assets to Secure Deposits of Certain Public Purpose Entities

A savings bank may pledge its assets to secure the deposits of:

(1) the United States government or any instrumentality thereof;

(2) any State or political subdivision, agency, or instrumentally thereof;

(3) any local municipality, agency, or instrumentally thereof;

(4) any federally-recognized Indian tribe; or

(5) any other entity, as required by state or federal law, or court order.

Filed with the Office of the Secretary of State on August 22, 2022.

TRD-202203176

Iain A. Berry

Deputy General Counsel

Department of Savings and Mortgage Lending

Earliest possible date of adoption: October 2, 2022

For further information, please call: (512) 475-1535

7 Tex. Admin. Code § 75.332

Adopted by Texas Register, Volume 47, Number 45, November 11, 2022, TexReg 7551, eff. 11/20/2022