Indiana § 5-1.2-4-30 Participants may invest funds

Indiana Statutes

§ 5-1.2-4-30 — Participants may invest funds

Indiana § 5-1.2-4-30

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

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Bluebook

Ind. Code § 5-1.2-4-30 (2026).

Text

Notwithstanding any statute applicable to or constituting any limitation on the investment or reinvestment of funds by or on behalf of political subdivisions:

(1)a participant receiving financial assistance in connection with a program may invest and reinvest funds that constitute, replace, or substitute for the proceeds of bonds or other evidence of indebtedness sold to the authority under the program, together with any account or reserves of a participant not funded with the proceeds of the bonds or other evidence of indebtedness purchased by the authority but that secure or provide payment for those bonds or other evidence of indebtedness, in any instrument or other investment authorized under a resolution of the authority; and

(2)a participant that is obligated to make payments on bo

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Notwithstanding any statute applicable to or
constituting any limitation on the investment or reinvestment of funds
by or on behalf of political subdivisions:
(1) a participant receiving financial assistance in connection with
a program may invest and reinvest funds that constitute, replace,
or substitute for the proceeds of bonds or other evidence of
indebtedness sold to the authority under the program, together
with any account or reserves of a participant not funded with the
proceeds of the bonds or other evidence of indebtedness
purchased by the authority but that secure or provide payment for
those bonds or other evidence of indebtedness, in any instrument
or other investment authorized under a resolution of the authority;
and
(2) a participant that is obligated to make payments on bonds or
other evidence of indebtedness purchased in connection with the
operation of a program may invest and reinvest funds that
constitute, replace, or substitute for the proceeds of those bonds
or other evidence of indebtedness, together with any account or
reserves of a participant not funded with the proceeds of the
bonds or other evidence of indebtedness purchased under the
program but that secure or provide payment for those bonds or
other evidence of indebtedness, in any instrument or other
investment authorized under a resolution of the authority.