Sec. 6. (a) The authority shall invest the money in each fund in accordance with an investment policy adopted by the authority. Interest, premiums, gains, or other earnings from the investments shall be credited to and deposited in the appropriate fund.
(b) As an alternative to subsection (a), the authority may invest or cause to be invested all or a part of each fund in a fiduciary account or accounts with a trustee that is a financial institution. Notwithstanding any other law, any investment may be made by the trustee in accordance with one (1) or more trust agreements or indentures. A trust agreement or indenture may permit disbursements by the trustee to:
(1) a participant;
(2) the authority; or
(3) any person to which the authority or a participant is obligated, as provided in the trust agreement or indenture.
As added by P.L.189-2018, SEC.25.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 10. Wastewater and Drinking Water Revolving Loan Programs
5-1.2-10-8. Technical, Managerial, and Financial Capacity
5-1.2-10-9. Discretion of the Authority
5-1.2-10-10. Contracting; Authorization
5-1.2-10-12. Provision of Services
5-1.2-10-14. Priority Ranking System
5-1.2-10-15. Loans or Other Financial Assistance; Authorization
5-1.2-10-16. Loans or Other Financial Assistance; Required Asset Management Program and Reports
5-1.2-10-17. Financial Assistance Agreement
5-1.2-10-18. Sale or Pledging of Loans; Federal Restrictions
5-1.2-10-19. Pledging of Loans or Property
5-1.2-10-21. Sufficient User Charges