Indiana § 5-13-5-4 Signature of authorized public officers on check or negotiable order of
withdrawal; purposes

Indiana Statutes

§ 5-13-5-4 — Signature of authorized public officers on check or negotiable order of withdrawal; purposes

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 13 INVESTMENT OF PUBLIC FUNDS·Ch. 5 General Provisions

(a)All checks or negotiable orders of withdrawal drawn upon depositories shall be signed by public officers authorized to sign the check or negotiable order of withdrawal in the officer's official capacity. All funds paid out of the state treasury must be by check or negotiable order of withdrawal of the state treasurer upon the warrant of the state comptroller.

(b)A public officer may draw a check or negotiable order of withdrawal upon a depository only for the following purposes:

(1)The payment of a warrant drawn by the state comptroller.

(2)The payment of a warrant drawn by the fiscal officer of a political subdivision, where the fiscal officer and investing officer are two (2) separate individuals by law.

(3)The payment of a legal claim against a political subdivision where the fi

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(a) All checks or negotiable orders of
withdrawal drawn upon depositories shall be signed by public officers
authorized to sign the check or negotiable order of withdrawal in the
officer's official capacity. All funds paid out of the state treasury must
be by check or negotiable order of withdrawal of the state treasurer
upon the warrant of the state comptroller.
(b) A public officer may draw a check or negotiable order of
withdrawal upon a depository only for the following purposes:
(1) The payment of a warrant drawn by the state comptroller.
(2) The payment of a warrant drawn by the fiscal officer of a
political subdivision, where the fiscal officer and investing officer
are two (2) separate individuals by law.
(3) The payment of a legal claim against a political subdivision
where the fiscal officer and investing officer are the same
individual by law.
(4) An investment authorized under this article.
(5) The transfer of funds between depositories.

Indiana § 5-13-5-4 (Signature of authorized public officers on check or negotiable order of withdrawal; purposes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.