Indiana § 5-13-12-4 Secretary-investment manager; powers and duties

Indiana Statutes

§ 5-13-12-4 — Secretary-investment manager; powers and duties

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 13 INVESTMENT OF PUBLIC FUNDS·Ch. 12 Board for Depositories

(a)The secretary-investment manager shall administer, manage, and direct the affairs and activities of the board under the policies and under the control and direction of the board. In carrying out these duties, the secretary-investment manager has the power to do the following:

(1)Approve all accounts for salaries and allowable expenses of the board, including, but not limited to:

(A)the employment of general or special attorneys, consultants, and employees and agents as may be necessary to assist the secretary-investment manager in carrying out the duties of that office and to assist the board in its consideration of applications for a guarantee of an economic development obligation or credit enhancement obligation guarantee; and

(B)the setting of compensation of persons employed und

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(a) The secretary-investment manager shall
administer, manage, and direct the affairs and activities of the board
under the policies and under the control and direction of the board. In
carrying out these duties, the secretary-investment manager has the
power to do the following:
(1) Approve all accounts for salaries and allowable expenses of
the board, including, but not limited to:
(A) the employment of general or special attorneys, consultants,
and employees and agents as may be necessary to assist the
secretary-investment manager in carrying out the duties of that
office and to assist the board in its consideration of applications
for a guarantee of an economic development obligation or
credit enhancement obligation guarantee; and
(B) the setting of compensation of persons employed under
clause (A).
(2) Approve all expenses incidental to the operation of the public
deposit insurance fund.
(3) Perform other duties and functions that may be delegated to
the secretary-investment manager by the board or that are
necessary to carry out the duties of the secretary-investment
manager under this chapter.
(b) The secretary-investment manager shall keep a record of the
proceedings of the board, and shall maintain and be custodian of all
books, documents, and papers filed with the board, and its official seal.
The secretary-investment manager may make copies of all minutes and
other records and documents of the board, and may give certificates
under seal of the board to the effect that the copies are true copies. All
persons dealing with the board may rely upon the certificates.
(c) Before July 30, 2013, the auditor of state shall:
(1) make the second 2013 distribution from the pension
distribution fund to the Indiana public retirement system for
deposit in the pension relief fund as required by this section as it
existed on June 30, 2013; and
(2) transfer all of the balance in the pension distribution fund
remaining after the distribution under subdivision (1) to the
public deposit insurance fund.

Indiana § 5-13-12-4 (Secretary-investment manager; powers and duties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.19-1987, SEC.14. Amended by P.L.281-2001, SEC.1; P.L.146-2008, SEC.39; P.L.115-2010, SEC.14; P.L.35-2012, SEC.92; P.L.93-2013, SEC.2; P.L.189-2018, SEC.35.