Board permits Bank First to pledge securities under Public Funds Deposit Security Act
The board unanimously adopted Resolution 26C-008 allowing Bank First to pledge specified securities to secure county deposits under the Public Funds Deposit Security Act (§77-2318.01).
The full story
The Dakota County Board unanimously approved Resolution 26C-008 on May 11, permitting Bank First to pledge listed securities, held in escrow by the county treasurer, as security for deposits under the Public Funds Deposit Security Act. The resolution text cites relevant statutory authority: "the County Treasurer may deposit in any bank ... in excess of the amounts authorized in §77-2318" and references §77-2318.01.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in