Section 892-X-1-.12 - Assessment Calculation (Alabama Administrative Code)

§ 892-X-1-.12. Assessment Calculation

When the Treasurer has determined that a default or insolvency has occurred, the loss to public depositors shall be satisfied as governed by Section 411-4A-9, Code of Ala. 1975, as amended. The assessment ratio calculation shall be computed to four decimal places.

Author: Daria S. Story, SAFE Division, Office of State Treasurer

(New Rule: Filed March 28, 2001; effective May 2, 2001. Amended (only rule number changed): Filed September 19, 2002; effective October 24, 2002. Amended (only rule number changed): Filed January 23, 2004; effective February 27, 2004. Amended (Rule Number Only): Filed January 19, 2006; effective February 23, 2006.)

Rule 892-X-1-.11, was renumbered to Rule 892-X-1-.10 as per certification filed September 19, 2002; effective October 24, 2002. Original Rule 892-X-1-.10, Assessment Calculation, was renumbered to Rule 892-X-1-.11, to accommodate a New Rule 892-X-1-.10, Exempt Public Deposits, as per certification filed January 23, 2004; effective February 27, 2004. Rule 892-X-1-.11 was renumbered to Rule 892-X-1-.12 as per certification filed January 19, 2006; effective February 23, 2006.

Statutory Authority: Code of Ala. 1975, §§ 411-4A-6, 411-4A-9, as amended.

Disclaimer: Throughout this page, you will find links to external websites. While we make every effort to ensure the information on our page is up to date, we hold no responsibility for variation between the official content Section 892-X-1-.12 Assessment Calculation found on these external sites and our text.

We use Cookies to make Your experience on the Portal greater. To learn more about Cookies we use, please read Our Cookie Policy. Do you allow us to use Cookie?
Learn more Accept Cookies