Utah Administrative Code (Current through November 1, 2019) |
R628. Money, Management Council |
R628-20. Foreign Deposits for Higher Education Institutions |
R628-20-5. Requirements for Deposits
Latest version.
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(1) To be qualified for deposit under Section 53B-7-60 the FDI shall:
(a) be insured or otherwise have a similar protection if that country does not technically provide insurance;
(b) be rated "A" or better by one NRSRO; and
(c) be domiciled in a country in which the sovereign debt rating is "A" or better by the NRSRO.