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TITLE 34PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 4TREASURY ADMINISTRATION
SUBCHAPTER APOOLED COLLATERAL PROGRAM
RULE §4.113Reporting Requirements

(a) The comptroller will publish instructions on the required electronic reporting procedures, deadlines, requirements, and format on its website.

(b) The comptroller will provide an electronic acknowledgement of each report received and post each report on its website.

(c) Each participating depository institution will file the following reports in accordance with the comptroller's instructions:

  (1) daily report--the participating depository institution will file a daily report of its prior business day's aggregate ledger balance of deposits of public funds. The daily report will be itemized by each public entity and account. The participating depository institution will report deposits by account type, indicating interest bearing and non-interest bearing accounts;

  (2) weekly summary report--the participating depository institution will file a weekly report of the total par and market value of collateral held by a custodian trustee on its behalf. As part of the participating depository institution's weekly summary report, it may either report the market value itself or adopt by reference the comptroller's daily report indicating the market value of the collateral for the due date of the weekly report. If a participating depository institution elects to adopt the comptroller's reported market value of the collateral by reference, it must elect to do so either during the application process or if during the two-year term, in accordance with the comptroller's guidelines posted on its website;

  (3) monthly report--the participating depository institution will file a monthly report listing the collateral instruments held by a custodian trustee on behalf of the participating depository institution, together with the par and market value of the securities with their CUSIP numbers if applicable; and

  (4) annual reporting--during even-numbered years beginning in 2012 the participating depository institution will file appropriate annual reports as the comptroller may require, including its annual report and financial statements. The comptroller will post any such annual reporting requirements on its website.

(d) The comptroller will provide a daily report on the market value of the collateral held in each pool on its website.

(e) The comptroller will, as the designated agent of the public entity, monitor the reports and related collateral held in trust for the benefit of the public entity and the pooled collateral program.

(f) The comptroller may impose an administrative penalty against a participating depository institution that fails to timely file a report as required under Government Code, §2257.107 and this chapter.


Source Note: The provisions of this §4.113 adopted to be effective October 19, 2010, 35 TexReg 9345

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