§ 5-1.5-2-1 — Indiana bond bank; establishment; nature; purpose

Indiana § 5-1.5-2-1

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.5: INDIANA BOND BANK
• Ch. 2: Establishment and Organization

Text

There is established the Indiana bond bank, a
separate body corporate and politic, constituting an instrumentality of
the state for the public purposes set out in this article, but not a state
agency. The bank is separate from the state in its corporate and
sovereign capacity. The purpose of the bank as described in IC 5-1.5-4
is to buy and sell securities and to make loans to qualified entities.

Legislative History

As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.4.