004-2 Wyo. Code R. § 2-3

Current through April 27, 2019
Section 2-3 - Definitions

(a) "Designated Time" means the time before which a Participant must provide notice of a Transaction in order for that Transaction to be posted the following day, as designated in writing by the Pool Administrator.

(b) "Early Withdrawal" means withdrawal of funds by the Pool Participant before the expiration of the minimum term subjecting the Pool Participant to penalty.

(c) "Electronic Transfer" is a wire transfer or an Automated Clearing House (ACH) transfer.

(d) "Long-Term Investment Pool" or "Pool" is a common fund with long-term redemption options maintained by the Pool Administrator consisting of deposits from Pool Participants.

(e) "Minimum Term" is the minimum length of time the Pool Participant must leave deposits for investment with the Pool Administrator before withdrawal or be subject to early withdrawal penalty.

(f) "Pool Administrator" is the Wyoming State Treasurer.

(g) "Pool Participant" or "Participant" shall be any county, municipality, school district, joint powers board or any other local governmental entity.

(h) "Transaction" is a deposit or a withdrawal.

(i) "Undivided Interest'" is a proportionate share of all assets of the long-term Pool taken together as a whole and not separated out into parts.

004-2 Wyo. Code R. § 2-3

Adopted, Eff. 5/3/2018.