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 […]
5-13-12-6. Depositories; Duty to File Monthly Report and Pay Assessment to Insurance Fund; Failure to Pay; Forms
Sec. 6. (a) On or before the fifth day of each month, every depository that had public funds on deposit with it during the preceding month shall: (1) file with the board for depositories a certified report under oath showing for the preceding month the amount of the assessment base and the amount of the […]
5-13-12-7. Insurance Fund; Management and Operation; Transfer Restrictions; Establishment of Reserve; Determination of Profit Distribution; Investment; Limitations; Immunity of Members
Sec. 7. (a) The board for depositories shall manage and operate the insurance fund. All expenses incident to the administration of the fund shall be paid out of the money accumulated in it subject to the direction of the board for depositories. Money in the fund may not be expended, removed, or transferred from the […]
5-13-12-8. Economic Development Obligation or Credit Enhancement Obligation Guarantees; Limitation; Conditions; Claims, Losses, or Debts
Sec. 8. (a) The board for depositories, in making the economic development obligation or credit enhancement obligation guarantees authorized under section 7(d)(6) of this chapter, shall comply with the following limitations: (1) A guarantee shall be made only of economic development obligations or credit enhancement obligations for the purpose of retaining, retaining and expanding, or […]
5-13-12-8.5. Repealed
As added by P.L.291-2001, SEC.147. Repealed by P.L.2-2005, SEC.131.
5-13-12-8.6. Validity of Certain Loan Guaranties
Sec. 8.6. Notwithstanding the expiration of section 8.5 of this chapter on December 31, 2002, a loan guarantee made by the board for depositories under that section before December 31, 2002, remains a valid and binding obligation of the board for depositories after December 31, 2002, as if section 8.5 of this chapter had not […]
5-13-12-9. Investment in Instruments of Indebtedness of Credit Corporation Issued Certificate of Election by Secretary of State
Sec. 9. In addition to the investments authorized in section 7(d) of this chapter, the board may invest, reinvest, and exchange investments of the insurance fund in excess of the cash working balance in instruments of indebtedness of a credit corporation to which the secretary of state has issued a certificate of election under IC […]
5-13-12-10. Subordination of Valid Security Agreement, Mortgage, Combinations Thereof, or Other Appropriate Document Securing Direct Obligations
Sec. 10. With regard to direct obligations of the Indiana finance authority that have been issued in conjunction with an economic development project undertaken by the authority, including those obligations that are guaranteed by the board under this chapter or purchased by the board under section 7(d)(8) of this chapter, the board may upon the […]
5-13-12-11. Loans to Commuter Transportation District
Sec. 11. (a) In addition to the authority given the board for depositories in section 7 of this chapter, the board may lend, from that part of the insurance fund reserved for economic development, to any commuter transportation district that is established under IC 8-5-15 an amount not to exceed two million six hundred thousand […]
5-13-12-12. Board Reports; Presentment to Budget Committee
Sec. 12. (a) In June and December each year, the board shall prepare a written report generally summarizing the board’s activities and the status of the public deposit insurance fund for the previous six (6) months. However, the report may not identify a particular financial institution notwithstanding the requirements of IC 5-14-3. The report shall […]