Pennsylvania Code (Last Updated: April 5, 2016) |
Title 55. PUBLIC WELFARE |
PART I. Department of Human Services |
Subpart B. Rights |
Chapter 11. Fiscal Advocacy |
SubChapter B. APPOINTMENT OF GUARDIAN OR PAYEE |
Section 11.111. FDIC coverage
Latest version.
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The Guardian Officer shall maintain accounts at a bank covered by the Federal Deposit Insurance Corporation and approved by the State Treasurer. The accounts shall include a checking and savings account. Conserved funds shall, to the extent possible, be placed in a savings account, certificates of deposit, or other FDIC-insured accounts.