Indiana § 5-13-10.5-8 Investment in deposit accounts

Indiana Statutes

§ 5-13-10.5-8 — Investment in deposit accounts

Indiana § 5-13-10.5-8

Title 5STATE AND LOCAL ADMINISTRATION

Art. 13INVESTMENT OF PUBLIC FUNDS

Ch. 10.5State Investments

This text of Indiana § 5-13-10.5-8 (Investment in deposit accounts) 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 § 5-13-10.5-8 (2026).

Text

(a)A public officer of the state may invest or reinvest funds held by the officer and available for investment in deposit accounts issued or offered by a designated depository. Investments under this subdivision by the treasurer of state are governed by IC 5-13-10.

(b)Investments in deposit accounts under subsection (a) must be in the amounts, and for the rates and terms, as are agreed upon from time to time by the officer making the investment and the designated depository.

(c)Investments made in accordance with subsection (a) and the interest earned or accrued on them are public funds and are covered by the insurance fund.

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(a) A public officer of the state may invest or
reinvest funds held by the officer and available for investment in
deposit accounts issued or offered by a designated depository.
Investments under this subdivision by the treasurer of state are
governed by IC 5-13-10.
(b) Investments in deposit accounts under subsection (a) must be in
the amounts, and for the rates and terms, as are agreed upon from time
to time by the officer making the investment and the designated
depository.
(c) Investments made in accordance with subsection (a) and the
interest earned or accrued on them are public funds and are covered by
the insurance fund.