2017 ORS 295.012¹
State Treasurer rule setting maximum liability for credit union depositories

For any period of time during which fewer than 10 credit unions are subject to pledge agreements with the State Treasurer and a custodian under ORS 295.008 (Conditions for acting as custodian or depository), the State Treasurer, notwithstanding ORS 295.001 (Definitions for ORS 295.001 to 295.108) (12), by rule may set the maximum liability for a credit union depository at 20 percent of the greater of:

(1) All uninsured public funds deposits the credit union depository holds, as shown on the date of the credit union depository’s most recent treasurer’s report; or

(2) The average of the balances of all uninsured public funds deposits the credit union depository holds, as shown on the credit union depository’s last two immediately preceding treasurer reports. [2010 c.101 §13b]

Atty. Gen. Opinions

Invest­ment of deferred compensa­tion funds, (1976) Vol 37, p 1284; county fair associa­tion as public corpora­tion, (1979) Vol 39, p 505

Chapter 295

Atty. Gen. Opinions

Invest­ment of funds by school district, (1974) Vol 36, p 827

1 Legislative Counsel Committee, CHAPTER 295—Depositories of Public Funds and Securities, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors295.­html (2017) (last ac­cessed Mar. 30, 2018).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2017, Chapter 295, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano295.­html (2017) (last ac­cessed Mar. 30, 2018).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.