Indiana Statutes
§ 5-13-11-5 — Interest or accretion
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 13 INVESTMENT OF PUBLIC FUNDS·Ch. 11 Investment Cash Management System
The depository shall credit any interest or other
accretion from an investment to the investment account of the political
subdivision. The interest or accretion becomes a part of the principal
in that account.
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Legislative History
As added by P.L.19-1987, SEC.13.
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Repealed§ 5-1-10-1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