Sec. 0.3. Actions taken after June 30, 2007, and before March 24, 2008, that would have been valid under section 3 of this chapter, as amended by P.L.115-2008, are legalized and validated. As added by P.L.220-2011, SEC.95.
Sec. 1. This chapter applies to the following funds: (1) Funds raised by bonds issued for a future specific purpose. (2) Sinking funds. (3) Depreciation reserve funds. (4) Gifts. (5) Bequests or endowments. (6) Any other funds available for investment. As added by P.L.18-1996, SEC.23.
Sec. 10. A public officer of the state may invest or reinvest funds that are held by the public officer and available for investment in United States dollar denominated obligations issued, assumed, or guaranteed as to the payment of principal and interest by: (1) supranational issuers having the highest investment credit rating by at least […]
Sec. 11. The treasurer of state may invest or reinvest funds that are held by the treasurer and that are available for investment in obligations issued by any of the following: (1) Agencies or instrumentalities of the United States government. (2) Federal government sponsored enterprises. (3) The Indiana bond bank, if the obligations are secured […]
Sec. 11.5. The treasurer of state may invest or reinvest funds that are held by the treasurer and that are available for investment in commercial paper rated in the highest rating category by one (1) nationally recognized rating service and with a stated final maturity of two hundred seventy (270) days or less from the […]
Sec. 12. (a) The treasurer of state may invest or reinvest any funds that are held by the treasurer and available for investment, in participations in loans. However, funds may be invested or reinvested in a participation in loans under this subsection only under the following conditions: (1) The principal of the participation in loans […]
Sec. 13. The treasurer of state may lend any securities acquired under section 7 or 11 of this chapter. However, securities may be lent under this section only if the agreement under which the securities are lent is collateralized by: (1) cash; or (2) non-cash collateral if the state is indemnified by the custodian holding […]
Sec. 14. The board of trustees of a state university may designate the fund to which the interest of its investments shall be receipted. As added by P.L.18-1996, SEC.23.
Sec. 15. Any public depository insurance assessment paid by a depository on any deposit account of the state under IC 5-13-12-5 shall be deducted from the interest otherwise payable on that account. As added by P.L.18-1996, SEC.23.
Sec. 16. Interest from the investment of the public funds of the state may not be paid personally or for the benefit of any public officer. As added by P.L.18-1996, SEC.23.
Sec. 17. Any public officer of the state that makes a deposit in any deposit or other account may be required to pay a service charge to the depository in which the funds are deposited, if the depository requires all customers to pay the charge for providing that service. If the total service charge cannot […]
Sec. 18. (a) As used in this section, “capital improvement board” refers to a capital improvement board established under IC 36-10-9. (b) To qualify for an investment under this section, the capital improvement board must apply to the treasurer of state in the form and manner required by the treasurer. As part of the application, […]
Sec. 19. (a) This section applies after July 1, 2025, if: (1) the: (A) capital improvement board of managers; and (B) a professional sports franchise that is part of the National Basketball Association; enter into a new agreement of at least twenty-five (25) years before April 20, 2019; (2) the increase in the tax rate […]
Sec. 2. In addition to any other statutory power to make investments under any other law: (1) the treasurer of state, under the guidelines established by the state board of finance; and (2) any other public officer of the state authorized by statute or court order to make investments; may invest or reinvest funds held […]
Sec. 20. (a) The following definitions apply throughout this section: (1) “Bonds” means bonds of the IFA issued under IC 5-1.3-6-1(a). (2) “Construction” means constructing, acquiring, renovating, rehabilitating, reconstructing, improving, extending, and equipping a rail project. (3) “Costs” has the meaning set forth in IC 5-1.3-2-5. (4) “FTA” means the Federal Transit Administration. (5) “IFA” […]
Sec. 3. (a) Except as provided in subsection (b), investments under this chapter may be made only in securities having a stated final maturity of two (2) years or less from the date of purchase. (b) The treasurer of state may make investments in securities having a final maturity or redemption date that is more […]
Sec. 4. A public officer making an investment under this chapter may sell any securities acquired and may take any action necessary to protect the interests of the funds invested, including the exercise of exchange privileges that may be granted with respect to maturing securities if the new securities offered in exchange meet the requirements […]
Sec. 5. (a) The treasurer of state is the legal custodian of securities under this chapter. The treasurer of state shall accept safekeeping receipts or other reporting for securities from: (1) a duly designated depository as prescribed in this article; or (2) a financial institution located either in or out of Indiana having physical custody […]
Sec. 6. A public officer of the state may not do the following: (1) Purchase securities on margin. (2) Open a securities margin account for the investment of public funds. As added by P.L.18-1996, SEC.23.
Sec. 7. (a) A public officer of the state may invest or reinvest funds held by the officer and available for investment in securities that are: (1) backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States; and (2) issued by any of the following: (A) […]
