Excess Public Funds definition

Excess Public Funds shall, with respect to any Person and for any date of determination, have the meaning given to such term in 781 Iowa Admin. Code 13.2, as amended.
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Examples of Excess Public Funds in a sentence

  • The Pledging Bank and the undersigned hereby swears under oath or affirms, under penalty of perjury, that the information shown above is true and correct, and that the Market Value of Eligible Collateral After Addition, Withdrawal or Substitution (line F above) exceeds the Excess Public Funds (line C above).

  • The Pledging Bank agrees to deposit and maintain with the Custodian Collateral, the aggregate Market Value of which shall at all times equal or exceed the Excess Public Funds.

  • Not later than the date on which the Pledging Bank accepts Excess Public Funds, the Pledging Bank will (a) deposit Collateral with the Treasurer or Other Collateral with the Custodian sufficient to comply with Section 3, and (b) with respect to any Collateral, deliver to the Treasurer a completed certificate in the form of Exhibit A to this Agreement evidencing such compliance.

  • The Pledging Bank agrees to deposit and maintain with the Treasurer Collateral, the aggregate Market Value of which, together with the market value of any Other Collateral deposited with the Custodian, shall at all times equal or exceed the Excess Public Funds.

  • The Pledging Bank and the undersigned hereby swears under oath or affirms, under penalty of perjury, that the information shown above is true and correct, and that the Market Value of Collateral After Addition, Withdrawal or Substitution (Line F above) equals or exceeds the Excess Public Funds (Line C above).

Related to Excess Public Funds

  • Public funds means money belonging to the government.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Garage-Public means a building or portion thereof, designed other than as a private garage, operated for gain, designed and/or used for repairing, servicing, hiring, selling or storing or parking motor-driven or other vehicles.