§12-1A-5. Acceptance or rejection of loan package; deposit agreement for linked deposits.

(a) The Treasurer may accept or reject a linked deposit loan request or any portion of a request based on the criteria prescribed by this article.

(b) Upon approving the linked deposit loan request, the Treasurer shall place a linked deposit with the lending institution.

(c) The eligible lending institution shall enter into a deposit agreement with the Treasurer in a form prescribed by the Treasurer and in compliance with the requirements of this article.

Bill History For §12-1A-5

1991 Regular Session
Senate Bill 132
1990 Third Special Session
Senate Bill 8
1989 Regular Session
Senate Bill 621
1986 Regular Session
Senate Bill 184
1985 Regular Session
Senate Bill 196