2023 Tennessee Code › Title 9 - PUBLIC FINANCES (§§ 9-1-101 — 9-24-106) › Chapter 4 - STATE FUNDS, STATE BUDGET AND APPROPRIATIONS (§§ 9-4-101 — 9-4-5612) › Part 5 - COLLATERAL POOL FOR PUBLIC DEPOSITS ACT OF 1990 (§§ 9-4-501 — 9-4-523) › Section 9-4-518 - Reports of qualified public depositories

(a)
Within fifteen (15) days after the end of each calendar month, or when requested by the state treasurer, each qualified public depository shall submit to the state treasurer a written report, under oath, indicating the average daily balance of all secured public deposits held by it during the month, the average monthly balance of all public deposits held for the previous twelve (12) calendar months, and any other information that the state treasurer determines necessary to administer this part.
(b)
In addition to the report required in subsection (a), each qualified public depository shall submit to the state treasurer:
(1)
If requested by the board or the state treasurer, a copy of the quarterly report of condition required by the Federal Deposit Insurance Act (
12 U.S.C. § 1817
et seq.), if such depository is a bank;
(2)
A schedule of financial information as determined by the board taken from the quarterly report on condition required by the Federal Deposit Insurance Act, if such depository is a bank;
(3)
If requested by the board or the state treasurer, a copy of the monthly and quarterly reports required to be filed with the office of thrift supervision, or such other federal regulator by whatever name called, if such depository is a savings institution; and
(4)
A schedule of financial information as determined by the board taken from the monthly and quarterly reports required to be filed with the office of thrift supervision, or such other federal regulator by whatever name called, if such depository is a savings institution.
(c)
In addition to the requirements of subsection (a), the following forms shall be made under oath:
(1)
The contingent liability agreement;
(2)
The depository pledge agreement; and
(3)
The public depository change of name, address and charter of institution.
(d)
Any information contained in a report by a qualified public depository required under this part or any rule adopted under this part, which is confidential by any law of the United States or of this state, shall be considered confidential and not subject to dissemination to anyone other than the state treasurer and the board under this part, and the comptroller of the treasury, or the comptroller of the treasury's designated representatives, for purposes of audit. The confidentiality of such information shall be maintained by the comptroller of the treasury in the same manner as the comptroller maintains the confidentiality of working papers which are not subject to §
10-7-503
. It is the responsibility of each qualified public depository from which information is required to inform the state treasurer of information that is confidential, and the state treasurer does not have a duty to inquire into whether information is confidential.
(e)
Section
10-7-503
shall not apply to information deemed confidential as provided in subsection (d). All meetings of the board wherein such information is discussed shall be exempt from title 8, chapter 44.
Acts 1990, ch. 1043, § 1; 1991, ch. 438, § 1; 1997, ch. 217, § 5; 2003, ch. 38, § 1.