Indiana Statutes
§ 5-1.5-8-7 — Investment and reinvestment; securities sold to bank
Indiana § 5-1.5-8-7
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 1.5INDIANA BOND BANK
Ch. 8Loans to Qualified Entities
This text of Indiana § 5-1.5-8-7 (Investment and reinvestment; securities sold to bank) 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 § 5-1.5-8-7 (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, a qualified entity selling
securities to the bank in connection with a program established by the
bank may invest and reinvest funds that constitute, replace, or
substitute for the proceeds of securities sold to the bank under an
established bank program in any instrument or other investment
authorized under a resolution of the bank.
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Legislative History
As added by P.L.29-1992, SEC.3.
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Repealed§ 5-1-10-1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 § 5-1.5-8-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-1.5-8-7.