Indiana Statutes
§ 5-13-10.5-12 — Investment in participations in loans
Indiana § 5-13-10.5-12
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 13INVESTMENT OF PUBLIC FUNDS
Ch. 10.5State Investments
This text of Indiana § 5-13-10.5-12 (Investment in participations in loans) 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 § 5-13-10.5-12 (2026).
Text
(a)The treasurer of state may invest or
reinvest any funds that are held by the treasurer and available for
investment, in participations in loans. However, funds may be invested
or reinvested in a participation in loans under this subsection only
under the following conditions:
(1)The principal of the participation in loans must be guaranteed
by an agency or instrumentality of the United States government.
(2)The participation in loans must be represented by a certificate
issued by a bank that is:
(A)incorporated under the laws of Indiana, another state, or the
United States; and
(B)insured by the Bank Insurance Fund of the Federal Deposit
Insurance Corporation.
(b)Funds may be invested or reinvested in a participation in loans
under subsection (a) even if the certificate representi
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Legislative History
As added by P.L.18-1996, SEC.23.
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Repealed§ 5-1-10-1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 § 5-13-10.5-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-13-10.5-12.