Sec. 5. (a) The authority shall invest the money in the supplemental 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 supplemental fund.
(b) As an alternative to subsection (a), the authority may invest or cause to be invested all or a part of the supplemental 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 the authority, a participant, or any other person 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 11. Supplemental Drinking Water and Wastewater Assistance Program
5-1.2-11-2. Supplemental Program; Establishment
5-1.2-11-6. Uses of Money in Supplemental Fund
5-1.2-11-7. Grants, Loans, or Other Financial Assistance; Criteria
5-1.2-11-8. Grants, Loans, or Other Financial Assistance; Terms and Conditions
5-1.2-11-9. Discretion of the Authority
5-1.2-11-10. Loans or Other Financial Assistance; Necessary Documents