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(a) The total indebtedness to any state bank of any person shall at no time exceed twenty percent (20%) of the capital base of the bank.
Pledged Debentures means the Debentures and security entitlements with respect to them from time to time credited to the Collateral Account and not then released from the Pledge.
The Rule provides requirements for the management of cash funds of state agencies including investment activities and the collateralization of cash funds that are on deposit with banks or financial institutions that exceed coverage by the Federal Deposit Insurance Corporation (FDIC).