Sec. 9. If at any time there are more than sufficient moneys in a trust fund, as determined in section 7 of this chapter, to meet the immediate requirements of the trust fund, the moneys may be invested in the certificates or notes issued under section 8 of this chapter, on the condition that any of the moneys so invested shall be returned to the fund from which received when needed to meet the demands of the fund. To meet the demands of the fund, the board may make temporary loans as authorized in section 8 of this chapter.
As added by Acts 1979, P.L.22, SEC.2.
Structure Indiana Code
Title 4. State Offices and Administration
Article 9.1. State Board of Finance
Chapter 1. The State Board of Finance
4-9.1-1-1. Composition; Advisory Supervision of Safekeeping of Funds
4-9.1-1-2. Organization; Officers
4-9.1-1-3. Convening of Board; Recording, Approval, Signing, and Attesting of Proceedings
4-9.1-1-4. Supervision of Fiscal Affairs and Public Funds; Deposits
4-9.1-1-6. Suits by and Against Board
4-9.1-1-8. Loans to Meet Casual Deficits in Revenue; Term; Evidence; Levy of Special Tax