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 […]
5-13-12-1. Creation; Purpose; Public Deposit Insurance Fund; Tax Exemption
Sec. 1. (a) There is created an independent body politic and corporate, constituting an instrumentality of the state for the public purposes set out in this chapter, to be known as the board for depositories. The board is separate from the state in its corporate and sovereign capacity. The purpose of the board is to […]
5-13-12-2. Membership; Term; Officers; Quorum; Conduct of Meetings; Notice; Proceedings; Executive Sessions; Records
Sec. 2. (a) The board for depositories consists of the governor, the treasurer of state, the auditor of state, the chairperson of the department of financial institutions, the chief examiner of the state board of accounts, and four (4) appointed members. For appointments after June 30, 2010, one (1) member shall be appointed by the […]
5-13-12-2.5. Repealed
As added by P.L.141-2000, SEC.1. Repealed by P.L.134-2012, SEC.9.
5-13-12-3. Function, Powers, and Purpose
Sec. 3. (a) The board for depositories exercises essential public functions, and has a perpetual existence. The board has all powers necessary, convenient, or appropriate to carry out and effectuate its public and corporate purposes, including but not limited to the powers to do the following: (1) Adopt, amend, and repeal bylaws and rules consistent […]
5-13-12-3.1. Repealed
As added by P.L.5-1996, SEC.6. Repealed by P.L.177-2011, SEC.5.
5-13-12-4. Secretary-Investment Manager; Powers and Duties
Sec. 4. (a) The secretary-investment manager shall administer, manage, and direct the affairs and activities of the board under the policies and under the control and direction of the board. In carrying out these duties, the secretary-investment manager has the power to do the following: (1) Approve all accounts for salaries and allowable expenses of […]