For any period of time during which fewer than 10 credit unions are qualified depositories, the State Treasurer, notwithstanding ORS 295.001 (14), by rule may set the maximum liability for a credit union that holds uninsured public funds at 20 percent of the greater of: (1) All uninsured public funds deposits the credit union holds, as shown on the date of the credit unions most recent treasurers report; or (2) The average of the balances of all uninsured public funds deposits the credit union holds, as shown on the credit unions last two immediately preceding treasurer reports.
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