(A) "STAR SMA" means the state treasury asset reserve of Ohio separately managed accounts.
(B) It is the responsibility of a political subdivision to ensure that the subdivision's participation in STAR SMA is authorized by local law or that its participation has been authorized by the appropriate local public officials.
(C) Deposits into STAR SMA will be accepted by check, ACH, or wire transfer.
(D) STAR SMA shall make available periodic statements to each participant in STAR SMA summarizing the account activity and performance of that participant's account.
(E) Any entity that maintains a custodial account with the treasurer of state may participate in STAR SMA.
(F) Notwithstanding the specific provisions of this rule, the treasurer of state may take whatever action the treasurer of state deems appropriate or necessary to protect the participants in and the integrity of STAR SMA. The treasurer of state may appoint such administrators, custodians, investment managers, transfer agents, dividend agents, rating agency, or any other entities that the treasurer of state deems necessary for the efficient administration of STAR SMA.
(G) The treasurer of state may collect fees for the administrative expenses of STAR SMA. The fees paid to the treasurer of state shall be used solely to pay budgeted and appropriated state treasury operating expenses.