(A)The following
securities are eligible for the purposes of deposit:
(1)Bonds, notes or
other obligations of the United States: or bonds, notes, or other obligations
guaranteed as to the principal and interest by the United States or those for
which faith of the United States is pledged for the payment of principal and
interest thereon, by language appearing in the instrument specifically
providing such guarantee or pledge and not merely by interpretation or
otherwise;
(2)Bonds, notes,
debentures, or other obligations or securities issued by any federal government
agency, or the export-import bank of Washington: bonds, notes, or other
obligations guaranteed as to principal and interest by the United States or
those for which the faith of the United States is pledged for the payment of
principal and interest thereon, by interpretation or otherwise and not by language
appearing in the instrument specifically providing such guarantee or pledge;
(3)Bonds and other
obligations of this state;
(4)Bonds and other
obligations of any county, township, school district, municipal corporation, or
other legally constituted taxing subdivision of this state, which is not at the
time of such deposit, in default in the payment of principal or interest on any
of its bonds or other obligations, for which the full faith and credit of the
issuing subdivision is pledged.
(B)Any such securities
offered for deposit must be registered to the owner with an attached assignment
to the treasurer of state or an attached assignment to the Ohio department of
job and family services.
(C)Reimbursing
employers, or a group of such employers, may substitute one or more approved
bonds, or securities, or other forms of approved collateral security, for one
or more approved bonds, or securities, or other forms of approved collateral
security on deposit. Approved municipal and other bonds shall be maintained at
no less than market value equal to the bonding amount, or, where surety bond
has also been submitted, equal to the bonding amount less the amount of such
surety bond. When the director finds that the market value of such bond is less
than that required, he shall order the same to be made whole by determination
issued to the employer or to each affected member of a group of employers.
Five Year Review (FYR) Dates: 7/12/2021 and 07/12/2026
Certification: CERTIFIED ELECTRONICALLY
Date: 07/12/2021
Promulgated Under: 119.0307/12/2021
Statutory Authority: 4141.13
Rule Amplifies: 4141.241
Prior Effective Dates: 01/01/1972, 07/03/1986, 05/29/1990,
06/03/1996, 03/26/1999, 12/14/1999, 01/15/2001, 07/30/2018