Indiana Statutes
§ 5-1.4-5-3 — Valuation of investments
Indiana § 5-1.4-5-3
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 1.4LOCAL PUBLIC IMPROVEMENT BOND BANKS
Ch. 5Reserve Fund
This text of Indiana § 5-1.4-5-3 (Valuation of investments) 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 § 5-1.4-5-3 (2026).
Text
For purposes of valuation, investments in the
reserve fund shall be valued at par or, if purchased at less than par, at
cost unless otherwise provided by resolution or trust agreement of the
bank. Valuation on a particular date shall include the amount of interest
then earned or accrued to that date on the money or investments in the
reserve fund.
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Legislative History
As added by P.L.42-1985, SEC.1.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-1.4-5-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-1.4-5-3.