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Pennsylvania General Assembly
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Bill Information

Regular Session 1971-1972
Senate Bill 383

Short Title:
An Act standardizing the procedures for pledges of assets to secure deposits of public funds with banking institutions pursuant to other laws; establishing a standard rule for the types, amounts and valuations of assets eligible to be used as collateral for deposits of public funds; permitting assets to be pledged against deposits on a pooled basis; and authorizing the appointment of custodians to act as pledgees of assets.
Prime Sponsor:
Last Action:
Act No. 72
Printer's No.:
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