(1) The State Treasurer shall adopt rules to implement the provisions of ORS 295.001 to 295.108, including without limitation: (a) Rules describing permitted forms of collateral and the valuation of collateral; (b) Requirements that must be met by financial institutions and other third parties outside this state to hold public funds; (c) Fees paid by qualified depositories or custodians; and (d) Reporting by depositories, qualified depositories and custodians. (2) The State Treasurer shall design the treasurer report required by ORS 295.061 to minimize the regulatory burden of completing and submitting the report and, to the greatest extent practicable, to make the form of the report and the content required in the report consistent with the information required by the qualified depositorys report of condition and income.
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