Indiana § 5-10.3-5-4 Investments

Indiana Statutes

§ 5-10.3-5-4 — Investments

Indiana § 5-10.3-5-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.3THE PUBLIC EMPLOYEES' RETIREMENT

Ch. 5Accounts; Investments

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Bluebook

Ind. Code § 5-10.3-5-4 (2026).

Text

(a)Securities shall be held for the fund by banks or trust companies under a custodial agreement. Income, interest, proceeds of sale, materials, redemptions, and all other receipts from securities and other investments which the board retains for the cash working balance shall be deposited as authorized by the board.

(b)The board may contract with investment counsel, trust companies, or banks to assist the board in its investment program. As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.46-1988, SEC.4; P.L.55-1993, SEC.2; P.L.195-1999, SEC.19; P.L.1-2002, SEC.16; P.L.115-2009, SEC.10.

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(a) Securities shall be held for the fund by
banks or trust companies under a custodial agreement. Income, interest,
proceeds of sale, materials, redemptions, and all other receipts from
securities and other investments which the board retains for the cash
working balance shall be deposited as authorized by the board.
(b) The board may contract with investment counsel, trust
companies, or banks to assist the board in its investment program.
As added by Acts 1977, P.L.53, SEC.3. Amended by
P.L.46-1988, SEC.4; P.L.55-1993, SEC.2; P.L.195-1999, SEC.19;
P.L.1-2002, SEC.16; P.L.115-2009, SEC.10.