Indiana § 5-13-9-0.4 Legalization of certain investment of public funds

Indiana Statutes

§ 5-13-9-0.4 — Legalization of certain investment of public funds

Indiana § 5-13-9-0.4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 13INVESTMENT OF PUBLIC FUNDS

Ch. 9Deposit and Investment Powers

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Bluebook

Ind. Code § 5-13-9-0.4 (2026).

Text

4. An investment of public funds (as defined in IC 5-13-4-20, as in effect before February 27, 1996):

(1)made under a repurchase or resale agreement, including a standing repurchase or resale agreement, that was entered into before February 27, 1996; and

(2)that:

(A)would have been in compliance with section 3 of this chapter, as amended by P.L.41-1996, if section 3 of this chapter, as amended by P.L.41-1996, had been in effect at the time the repurchase or resale agreement, including a standing repurchase or resale agreement, was entered into;

(B)is no longer in effect on February 27, 1996; or

(C)is brought into compliance with section 3 of this chapter, as amended by P.L.41-1996, not later than May 27, 1996; is legalized and validated.

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4. An investment of public funds (as defined
in IC 5-13-4-20, as in effect before February 27, 1996):
(1) made under a repurchase or resale agreement, including a
standing repurchase or resale agreement, that was entered into
before February 27, 1996; and
(2) that:
(A) would have been in compliance with section 3 of this
chapter, as amended by P.L.41-1996, if section 3 of this
chapter, as amended by P.L.41-1996, had been in effect at the
time the repurchase or resale agreement, including a standing
repurchase or resale agreement, was entered into;
(B) is no longer in effect on February 27, 1996; or
(C) is brought into compliance with section 3 of this chapter, as
amended by P.L.41-1996, not later than May 27, 1996;
is legalized and validated.