Indiana § 5-1.2-10-6 Money; investment

Indiana Statutes

§ 5-1.2-10-6 — Money; investment

Indiana § 5-1.2-10-6

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 10Wastewater and Drinking Water Revolving Loan

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Bluebook

Ind. Code § 5-1.2-10-6 (2026).

Text

(a)The authority shall invest the money in each fund in accordance with an investment policy adopted by the authority. Interest, premiums, gains, or other earnings from the investments shall be credited to and deposited in the appropriate fund.

(b)As an alternative to subsection (a), the authority may invest or cause to be invested all or a part of each fund in a fiduciary account or accounts with a trustee that is a financial institution. Notwithstanding any other law, any investment may be made by the trustee in accordance with one (1) or more trust agreements or indentures. A trust agreement or indenture may permit disbursements by the trustee to:

(1)a participant;

(2)the authority; or

(3)any person to which the authority or a participant is obligated, as provided in the trust agre

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(a) The authority shall invest the money in
each fund in accordance with an investment policy adopted by the
authority. Interest, premiums, gains, or other earnings from the
investments shall be credited to and deposited in the appropriate fund.
(b) As an alternative to subsection (a), the authority may invest or
cause to be invested all or a part of each fund in a fiduciary account or
accounts with a trustee that is a financial institution. Notwithstanding
any other law, any investment may be made by the trustee in
accordance with one (1) or more trust agreements or indentures. A trust
agreement or indenture may permit disbursements by the trustee to:
(1) a participant;
(2) the authority; or
(3) any person to which the authority or a participant is obligated,
as provided in the trust agreement or indenture.