Indiana § 20-49-3-10 Investments

Indiana Statutes

§ 20-49-3-10 — Investments

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

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-200

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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.]

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