DG - Depository of Funds
Original Code: 8800
The following points may be considered in designating depositories:
- Ability to secure and pledge collateral in the amount required in Oregon Revised Statutes;
- Ability to provide the district with quarterly and annual financial reports;
- Ability to provide annually an outline of services available to the district.
Deposits in any federally insured savings and loan association shall not exceed $100,000.
The director of business services is authorized to establish accounts necessary for the operation of the district.