5-1.4-3-8. Open Meetings; Records
Sec. 8. All meetings of the bank shall be open to the public in accordance with and subject to IC 5-14-1.5. All records of the bank shall be subject to the requirements of IC 5-14-3. As added by P.L.42-1985, SEC.1.
5-1.4-3-1. Powers
Sec. 1. The bank is granted all powers necessary, convenient, or appropriate to carry out and effectuate its public and corporate purposes, including the following: (1) Have a perpetual existence as a body politic and corporate and an independent instrumentality, but not a city or county agency, exercising essential public functions. (2) Sue and be […]
5-1.4-3-2. Additional Powers
Sec. 2. The bank may: (1) make, enter into, and enforce all contracts necessary, convenient, or desirable for the purposes of the bank or pertaining to: (A) a purchase or sale of securities or other investments; or (B) the performance of its duties and execution of any of its powers under this article; (2) purchase […]
5-1.4-3-3. Investments
Sec. 3. Money not being used to purchase securities may be invested as provided in a resolution, agreement, or trust agreement of the bank. As added by P.L.42-1985, SEC.1. Amended by P.L.29-1986, SEC.6.
5-1.4-3-4. Prohibited Acts
Sec. 4. The bank may not: (1) purchase securities other than from a qualified entity or other than for investment under section 3 of this chapter; (2) deal in securities within the meaning of or subject to any securities law, securities exchange law, or securities dealers law of the United States, of the state, or […]
5-1.4-3-5. Audit of Books and Accounts; Annual Report to Mayor
Sec. 5. (a) The bank shall have an audit of its books and accounts made at least once each year by either the state board of accounts or by an auditor or auditing firm to be appointed by the board upon review of the firm’s proposal by the state board of accounts. The cost of […]
5-1.4-3-6. Annual Budget; Amendment
Sec. 6. The board shall adopt an annual budget on either a calendar or fiscal year basis. The annual budget may be amended from time to time during the year. As added by P.L.42-1985, SEC.1. Amended by P.L.29-1986, SEC.8.
5-1.4-3-7. Expenses
Sec. 7. All expenses incurred in carrying out this article are payable solely from revenues of the bank or funds appropriated under this chapter, and nothing in this article authorizes the bank to incur an indebtedness or liability on behalf of or payable by the city or county. As added by P.L.42-1985, SEC.1. Amended by […]