Indiana Statutes
§ 5-13-9.5-3 — Designation of qualified financial institutions as depositories
Indiana § 5-13-9.5-3
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 13INVESTMENT OF PUBLIC FUNDS
Ch. 9.5Designation of State Depositories
This text of Indiana § 5-13-9.5-3 (Designation of qualified financial institutions as depositories) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 5-13-9.5-3 (2026).
Text
(a)The state board of finance shall designate
as a depository for public funds of the state any financial institution
qualified under section 1 of this chapter that:
(1)properly files an application to receive a deposit of public
funds of the state and to provide the security required by IC 5-13-13-7; and
(2)is suitably located with reference to the convenience of the
officers and state institutions using that financial institution.
(b)The state board of finance may invite and act upon applications
and designate depositories at any time when additional depositories
may be available or are required for the state or a political subdivision.
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Legislative History
As added by P.L.18-1996, SEC.22.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-13-9.5-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-13-9.5-3.