§ 5-1.2-11-5 — Money; investment

Indiana § 5-1.2-11-5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 11: Supplemental Drinking Water and Wastewater

Text

(a) The authority shall invest the money in the
supplemental 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 supplemental
fund.
(b) As an alternative to subsection (a), the authority may invest or
cause to be invested all or a part of the supplemental 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 the authority, a participant, or any other person as
provided in the trust agreement or indenture.

Legislative History

As added by P.L.189-2018, SEC.25.