5-13-14-2. No Liability for Public Servant for Loss of Funds in Closed Depository
Sec. 2. A public servant is not liable for loss of public funds in any closed depository if the funds have been deposited in the manner required by this article. As added by P.L.19-1987, SEC.16. Amended by P.L.107-2011, SEC.2.
5-13-14-3. Criminal Liability of Public Servant for Failure to Deposit; Liability on Bond
Sec. 3. A public servant who violates the depository duties in this article is subject to IC 35-44.2-2-1. The public servant also is liable upon the public servant’s official bond for any loss or damage that accrues. As added by P.L.19-1987, SEC.16. Amended by P.L.107-2011, SEC.3; P.L.126-2012, SEC.22; P.L.32-2019, SEC.10.
5-13-14-4. Repealed
As added by P.L.19-1987, SEC.16. Amended by P.L.107-2011, SEC.4. Repealed by P.L.126-2012, SEC.23.
5-13-12-13. Loan to State General Fund; Repayment
Sec. 13. (a) The board for depositories shall hold until paid in accordance with its terms the instrument of indebtedness evidencing the obligation of the budget agency to repay the loan made from the public deposit insurance fund to the state general fund under P.L.224-2003, SECTION 116, as amended by P.L.229-2011, SECTION 277. The budget […]
5-13-13-1. Closed Depository; Payments to Public Officers of Public Funds Deposited; Determination of Sums; Certification
Sec. 1. (a) Whenever any depository becomes a closed depository, the board shall, as soon as possible and upon the conditions prescribed in this section, make payment from the insurance fund to the proper public officers of all public funds that were deposited in the closed depository in the manner required by this article. These […]
5-13-13-2. Amount of Public Funds in Closed Depository; Determination Procedure
Sec. 2. (a) After the receipt of the certificate and statements required by section 1 of this chapter, the attorney general and the auditor of state shall ascertain and fix the amount of public funds in the closed depository deposited in the manner required by this article. The amount of public funds deposited contrary to […]
5-13-13-3. Payment of Amount Determined; Subrogation of Board; Distribution of Assets of Closed Depository
Sec. 3. (a) Whenever the decision of the attorney general and auditor of state has become final, or whenever a court of competent jurisdiction as provided in section 2 of this chapter has determined the amount payable from the insurance fund on account of public funds deposited in the closed depository, the board for depositories […]
5-13-13-4. Anticipatory Warrants; Issuance; Obligation of Board; Amounts, Form, and Rate of Interest
Sec. 4. (a) Whenever the assets in the insurance fund are not sufficient to pay the claims of any kind that have been finally determined and have become payable, the board for depositories shall issue anticipatory warrants for the purpose of raising money for the immediate payment of the claims. The warrants outstanding and unpaid […]
5-13-13-5. Anticipatory Warrants; Sale; Proceeds; Application for Allotment of Definite Amount; Record
Sec. 5. (a) The secretary-investment manager on behalf of the board for depositories has the powers and duties set out in this section and section 6 of this chapter and shall sell all anticipatory warrants issued under this chapter at a price not less than par plus accrued interest. The proceeds of the sale of […]
5-13-12-5. Assessment Rate; Determination and Fixing; Assessment Base; Waiver or Elimination of Assessment Rate
Sec. 5. (a) Subject to the limitations prescribed in this chapter, the board for depositories may fix the assessment rate to provide assets in the fund sufficient to equal the reserve for losses of the fund for the insurance of public funds on deposit in depositories. Effective on July 1, and January 1, of each […]