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PACE Reserve Fund

Bulletin
Wednesday, January 25, 2012
Banking Bulletin #35

BANKING BULLETIN #35

Revised January 25, 2012

PACE Reserve Fund

Effective January 1, 2012, pursuant to 24 V.S.A. §3269(c) and (d), the Commissioner of the Department of Banking, Insurance, Securities and Health Care Administration  has determined, until further notice, that every PACE participant will contribute 2.0 percent of the original PACE assessment to the Reserve Fund created pursuant to 24 V.S.A. § 3269.


Stephen W. Kimbell, Commissioner