Indiana § 21-7-15-4 Fund investment

Indiana Statutes

§ 21-7-15-4 — Fund investment

Indiana § 21-7-15-4

Title 21HIGHER EDUCATION

Art. 7STATE UNIVERSITIES

Ch. 15Purdue University: Endowment Fund

This text of Indiana § 21-7-15-4 (Fund investment) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 21-7-15-4 (2026).

Text

The fund or any part of the fund may be invested in securities bearing the rate of interest that is obtainable as follows:

(1)In bonds, notes, or certificates that are the obligations of, or guaranteed by, the United States.

(2)In:

(A)bonds of any territory or insular possession of the United States;

(B)bonds, notes, warrants, certificates, or orders of the state of Indiana; or

(C)any political subdivision, instrumentality, or agency of the state of Indiana; issued under authority of law. [Pre-2007 Higher Education Recodification Citation: 21-7-11-3(a).]

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The fund or any part of the fund may be
invested in securities bearing the rate of interest that is obtainable as
follows:
(1) In bonds, notes, or certificates that are the obligations of, or
guaranteed by, the United States.
(2) In:
(A) bonds of any territory or insular possession of the United
States;
(B) bonds, notes, warrants, certificates, or orders of the state of
Indiana; or
(C) any political subdivision, instrumentality, or agency of the
state of Indiana;
issued under authority of law.
[Pre-2007 Higher Education Recodification Citation:
21-7-11-3(a).]