Indiana Statutes
§ 21-7-14-4 — Fund investment
Indiana·Title 21 HIGHER EDUCATION·Art. 7 STATE UNIVERSITIES·Ch. 14 Indiana University Permanent Endowment 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 their
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).
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Legislative History
As added by P.L.2-2007, SEC.244.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"