Section 95.14. Participating municipality obligations.

 

(1)  In fulfillment of its responsibility as a fiduciary of the program, a participating municipality shall review information provided by the program administrator including the mandatory disclosures described in s. Adm 95.12 (1) (b) 2.

(2)  A participating municipality shall sign a contract with the program administrator for program services provided under s.16.25, Stats., and ch. Adm 95 .

(3)  A participating municipality shall sign a memorandum of understanding with the program administrator prior to selecting any investment option offered stating that all requirements and regulations pertinent to that option have been clearly explained by that program administrator and that the participating municipality has received an explanation by the program administrator or its representatives of the mandatory disclosures described in s. Adm 95.12 (1) (b) 2.

History: CR 01-123 : cr. Register May 2002 No. 557 , eff. 6-1-02; corrections in (1) to (3) made under s. 13.92 (4) (b) 7. , Stats., December 2015 No. 720.