Section 740.320  Custodian Bank Responsibilities

The custodian bank is responsible for the day-to-day management of IPTIP and will perform the following:

a)         Enroll public agencies that meet the participation requirements set forth in Section 740.400;

b)         Provide participant accounting services;

c)         Provide custodial services to participants;

d)         Provide customer service;

e)         Provide transfer agent and recordkeeping services;

f)         Provide training;

g)         Retain copies of participant documents; and

h)         Provide sufficient reporting capabilities to the Treasurer and to participants.