Common use of Minimum Interest Rates Clause in Contracts

Minimum Interest Rates. Except as provided by KRS 41.610, the commission shall not invest public funds in a repurchase agreement with a yield less than could be received on a directly purchased United States Treasury security of comparable maturity.

Appears in 2 contracts

Samples: Repurchase Agreement, Repurchase Agreement

AutoNDA by SimpleDocs

Minimum Interest Rates. Except as provided by KRS 41.610, the commission shall not invest public funds in a repurchase agreement with a yield less than could be received re- ceived on a directly purchased United States Treasury security of comparable maturity.

Appears in 1 contract

Samples: Repurchase Agreement

AutoNDA by SimpleDocs

Minimum Interest Rates. Except as provided by KRS 41.610, the commission 11 shall not invest public funds in a repurchase agreement with a yield less than could be received 12 on a directly purchased United States Treasury security of comparable maturity.

Appears in 1 contract

Samples: Investment Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!