Indiana Statutes
§ 5-13-11-3 — Service charge for management of system; payment by direct charge or from interest earned
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 13 INVESTMENT OF PUBLIC FUNDS·Ch. 11 Investment Cash Management System
The contract may provide for the depository to assess a service charge for its management of the investment cash management system. The service charge may be paid:
(1)by direct charge to the deposit or other account; or
(2)in a manner that subtracts the service charge from interest
earned on the funds in the deposit or other account.
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Indiana § 5-13-11-3 (Service charge for management of system; payment by direct charge or from interest earned) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.19-1987, SEC.13. Amended by P.L.66-1989,
SEC.2; P.L.147-2011, SEC.3; P.L.202-2011, 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Repealed§ 5-1-10-1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" defined