§ 5-1.5-5-3 — Valuation of investments

Indiana § 5-1.5-5-3

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.5: INDIANA BOND BANK
• Ch. 5: Reserve Fund

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.

Legislative History

As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.20.