§ 20-49-3-10 — Investments

Indiana § 20-49-3-10

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 49: STATE MANAGEMENT OF COMMON SCHOOL
• Ch. 3: State Administration of Common School Fund

Text

Except as provided in this chapter, the fund
shall be invested in:
(1) bonds, notes, certificates, and other valid obligations of the
United States;
(2) bonds, notes, debentures, and other securities issued by any
federal instrumentality and fully guaranteed by the United States;
(3) bonds, notes, certificates, and other valid obligations of any
state of the United States or any county, township, city, town, or
other political subdivision in Indiana that are issued under law,
the issuers of which, for five (5) years before the date of the
investment, have promptly paid the principal and interest on the
bonds and other legal obligations in lawful money of the United
States; or
(4) bonds, notes, or other securities issued by the Indiana bond
bank and described in IC 5-13-10.5-11(3).
[Pre-2006 Recodification Citation: 21-1-3-8 part.]

Legislative History

As added by P.L.2-2006, SEC.172.