Indiana § 5-13-10.5-17 Service charge

Indiana Statutes

§ 5-13-10.5-17 — Service charge

Indiana § 5-13-10.5-17

Title 5STATE AND LOCAL ADMINISTRATION

Art. 13INVESTMENT OF PUBLIC FUNDS

Ch. 10.5State Investments

This text of Indiana § 5-13-10.5-17 (Service charge) 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 § 5-13-10.5-17 (2026).

Text

Any public officer of the state that makes
a deposit in any deposit or other account may be required to pay a
service charge to the depository in which the funds are deposited, if the
depository requires all customers to pay the charge for providing that
service. If the total service charge cannot be computed before the
investment, the investing officer of the state shall estimate the service
charge and adjust the interest rate based on this estimate. The service
charge may be paid by direct charge to the deposit or other account or
in any other manner mutually agreed upon by the investing officer and
the depository.

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Any public officer of the state that makes
a deposit in any deposit or other account may be required to pay a
service charge to the depository in which the funds are deposited, if the
depository requires all customers to pay the charge for providing that
service. If the total service charge cannot be computed before the
investment, the investing officer of the state shall estimate the service
charge and adjust the interest rate based on this estimate. The service
charge may be paid by direct charge to the deposit or other account or
in any other manner mutually agreed upon by the investing officer and
the depository.