§ 5-13-9-1 — Investment powers; funds that may be invested

Indiana § 5-13-9-1

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 13: INVESTMENT OF PUBLIC FUNDS
• Ch. 9: Deposit and Investment Powers

Text

(a) Except as provided in subsection (b), in
addition to any other statutory power to make investments, each county
treasurer and each fiscal officer of any political subdivision other than
a county, under the guidelines established, respectively, by the board
of county commissioners of each county and the fiscal body of any
other subdivision, and any other officer of a local government entity
authorized by statute or court order to make investments, may invest
any funds held by each in accordance with this chapter.
(b) The treasurer of state may invest funds under sections 2(a)(3)
and 2.5 of this chapter.
(c) The funds that may be invested under this chapter include money
raised by bonds issued for a future specific purpose, sinking funds,
depreciation reserve funds, gift, bequest or endowment, and any other
funds available for investment.

Legislative History

As added by P.L.19-1987, SEC.11. Amended by P.L.18-1996, SEC.11; P.L.134-1999, SEC.1; P.L.220-2003, SEC.1; P.L.102-2014, SEC.1.