5-1.5-9-6. Financial Institution to Keep and Pay Over Funds Deposited With It
Sec. 6. A financial institution may give to the bank a good and sufficient undertaking with such sureties as are approved by the bank to the effect that the financial institution shall faithfully keep and pay over to the order of or upon the warrant of the bank or its authorized agent all those funds […]
5-1.5-9-7. Contracts or Agreements With Financial Institutions; Care, Custody, or Safekeeping of Securities; Services Connected With Payment or Collection of Interest or Principal
Sec. 7. The board may enter into agreements or contracts with a financial institution inside or outside the state as may be necessary, desirable, or convenient in the opinion of the board for rendering services in connection with the care, custody, or safekeeping of securities or other investments held or owned by the bank, for […]
5-1.5-9-8. Financial Institutions and Fiduciaries; Investment in Bonds and Notes
Sec. 8. Notwithstanding the restrictions of any other law, all financial institutions, investment companies, insurance companies, insurance associations, executors, administrators, guardians, trustees, and other fiduciaries may legally invest sinking funds, money, or other funds belonging to them or within their control in bonds or notes issued under this article. As added by P.L.25-1984, SEC.1.
5-1.5-9-9. Nature of Bank Property; Bonds or Notes Issued; Interest and Proceeds Received; Tax Exemption
Sec. 9. All property of the bank is public property devoted to an essential public and governmental function and purpose and is exempt from all taxes and special assessments, direct or indirect, of the state or a political subdivision of the state. All bonds or notes issued under this article are issued by a body […]
5-1.5-9-10. Officers, Departments, etc., of the State to Render Services to Bank; Costs and Expenses
Sec. 10. All officers, departments, boards, agencies, divisions, and commissions of the state shall render services to the bank that are within the area of their respective governmental functions and that may be requested by the board and must comply promptly with any reasonable request by the board relating to the making of a study […]
5-1.5-9-11. Pledges of Revenues or Other Money
Sec. 11. A pledge of revenues or other money made by the bank is binding from the time the pledge is made. Revenues or other money so pledged and thereafter received by the bank are immediately subject to the lien of the pledge without any further act, and the lien of a pledge is binding […]
5-1.5-9-12. Securities; Registration Requirements; Exemption
Sec. 12. All securities issued under this article are exempt from the registration requirements of IC 23-19 and other securities registration statutes. As added by P.L.1-1990, SEC.48. Amended by P.L.27-2007, SEC.4.
5-1.5-8-7. Investment and Reinvestment; Securities Sold to Bank
Sec. 7. Notwithstanding any statute applicable to or constituting any limitation on the investment or reinvestment of funds by or on behalf of political subdivisions, a qualified entity selling securities to the bank in connection with a program established by the bank may invest and reinvest funds that constitute, replace, or substitute for the proceeds […]
5-1.5-9-1. Limitation of Actions
Sec. 1. (a) No action to contest the validity of any bonds or notes of the bank to be sold at public sale may be brought after the fifteenth day following the first publication of notice of the sale of the bonds or notes. No action to contest the validity of any bond sale under […]
5-1.5-6.5-3. Capital Principal Fund; Debt Service; Agreement; Recovery
Sec. 3. (a) The capital principal fund may be used only to guarantee payment of debt service on: (1) securities issued by a qualified entity for a purpose specified in section 1(b) of this chapter; or (2) bonds or notes issued to purchase securities issued for a purpose specified in section 1(b) of this chapter. […]