§ 5-13-9-5.6 — Final maturity; investment policy

Indiana § 5-13-9-5.6

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

Text

6. Except for investments allowed under
section 2(f) or 2(g) of this chapter, investments made under this chapter
must have a stated final maturity of not more than:
(1) five (5) years after the date of purchase or entry into a
repurchase agreement for a conservancy district located in a city
having a population of more than five thousand (5,000) and less
than five thousand one hundred thirty (5,130);
(2) five (5) years after the date of purchase or entry into a
repurchase agreement for investments made from a host
community agreement future fund established by ordinance of a
town with a population of more than ten thousand (10,000) and
less than twenty thousand (20,000) located in a county having a
population of more than one hundred seventy-four thousand
(174,000) and less than one hundred eighty thousand (180,000);
or
(3) two (2) years after the date of purchase or entry into a
repurchase agreement for:
(A) a fund not described in subdivision (1) or (2); or
(B) a political subdivision that:
(i) is not described in subdivision (1) or (2); and
(ii) does not have in effect an investment policy and
ordinance under section 5.7 of this chapter.

Legislative History

As added by P.L.18-1996, SEC.18. Amended by P.L.54-1999, SEC.2; P.L.212-1999, SEC.2; P.L.170-2002, SEC.15; P.L.43-2012, SEC.1; P.L.104-2022, SEC.18.