(A) Receipt of Funds.
(1) No money shall be sent to the court or its officers for deposit into the
court’s registry without a court order by the presiding judge in the case
or proceeding.
(2) All money ordered to be paid into the court or received by its officers
in any case pending or adjudicated shall be deposited with the
Treasurer of the United States in the name and to the credit of this
court pursuant to 28 U.S.C. § 2041 through depositaries designated by
the United States Treasury to accept such deposit on its behalf.
(3) The party making the deposit or transferring funds to the court’s
registry shall serve the order permitting the deposit or transfer on the
clerk of court.
(B) Investment of Registry Funds.
(1) Funds on deposit with the court are to be placed in interest-bearing
instruments in the Court Registry Investment System (CRIS)
administered through the Administrative Office of the United States
Courts (AOUSC). This shall be the only investment mechanism
authorized.
(2) Under CRIS, monies deposited in each case under Local Civ. Rule
67.01(A) (D.S.C.) will be “pooled” together with those on deposit with
the Treasury to the credit of other courts in CRIS and used to purchase
Government Accounting Series (GAS) securities under the authority
of the Director of the AOUSC.
(3) An account for each case will be established in CRIS titled in the
name of the case giving rise to the investment in the system. Income
received from fund investments will be distributed to each case based
on the ratio each account’s principal and income has to the aggregate
principal and income total in the fund each day. Funds deposited in an
interpleader case under 28 U.S.C. § 1335 will be invested in the CRIS
Disputed Ownership Fund (DOF).
(C) Registry Investment Fee.
(1) The custodian is authorized and directed by this rule to deduct, for
maintaining accounts in the fund, the DOF fee. The proper DOF fee is
to be determined on the basis of the rates published by the Director of
the AOUSC as approved by the Judicial Conference.
(2) If registry fees were assessed against the case prior to the deposit into
CRIS, no additional registry fee will be assessed.
(3) The Director of the AOUSC, as custodian for CRIS, is authorized and
directed to:
(i) deduct the CRIS fee for management of the Liquidity Fund
(or other Alternative Fund);
(ii) deduct the DOF fee for management and tax administration
of the CRIS DOF; and
(iii) provide tax administration services for the CRIS DOF,
including the withholding and payment of federal taxes on
behalf of the CRIS DOF.
CONDEMNATION OF PROPERTY
