This advice means the views of your Office of the County Comptroller at the time it had been rendered
Brand new thoughts ong anything else, there were then legal times or legal amendments you to definitely incur on activities talked about regarding the viewpoint.
General Civil Legislation 10(3), 11(2): New conditions of Standard Municipal Legislation 10(1)(h) you to definitely limit so you’re able to 90 days the term out-of an enthusiastic eligible page off borrowing from the bank issued given that safety for state government dumps and you can investment do not connect with an irrevocable page off borrowing from the bank given of the a being qualified government home loan lender.
Specifically, you ask perhaps the provisions regarding Standard Civil Laws 10(1)(h) you to definitely essentially maximum so you can 90 days the definition of off an enthusiastic eligible letter regarding credit given as the protection having state places and you can investments relates to an irrevocable page away from credit granted by an enthusiastic FHLB. […]