Sec. 2. The authority:
(1) may not deal in securities within the meaning of or subject to any securities law, securities exchange law, or securities dealers law of the United States or of the state of Indiana or of any other state or jurisdiction, domestic or foreign, except as authorized in the referenced statutes;
(2) may not:
(A) emit bills of credit;
(B) accept deposits of money for time or demand deposit;
(C) administer trusts;
(D) engage in any form or manner, or in the conduct of, any private or commercial banking business; or
(E) act as a savings bank, savings association, or any other kind of financial institution; and
(3) may not engage in any form of private or commercial banking business.
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 4. General Powers and Duties
5-1.2-4-1. Powers of Indiana Finance Authority
5-1.2-4-2. Prohibited Activities
5-1.2-4-3. Issuance of Bonds or Notes; Failure to Pay Obligations
5-1.2-4-5. Requirements; Establishment of Terms Governing Reserves or Funding Levels
5-1.2-4-6. Power to Borrow Money and Issue Bonds
5-1.2-4-7. Bonds; Liability of Authority; Pledges as Additional Security
5-1.2-4-8. Bonds; Liability of State
5-1.2-4-9. Bonds; Issuance; Procedure; Terms
5-1.2-4-10. Bonds; Authorized Provisions
5-1.2-4-11. Bonds; Issue to Renew or Pay Bonds; Refund
5-1.2-4-13. Bonds; Purchase by Authority
5-1.2-4-14. Bonds; Trust Agreement or Indenture
5-1.2-4-15. Bonds; Negotiability
5-1.2-4-16. Bonds; Execution; Manual or Facsimile Signatures
5-1.2-4-17. Personal Liability for Acts Authorized by Affected Statutes
5-1.2-4-18. Funds and Accounts; Establishment
5-1.2-4-19. Money; Deposit; Security; Trust Funds
5-1.2-4-20. Money for the Payment of Bonds; Contracts; Security
5-1.2-4-21. Bonds; Pledge of State
5-1.2-4-22. Bonds; Exempt From State Taxes
5-1.2-4-23. Bonds; Legal Investments; Securities
5-1.2-4-24. Application of State Laws
5-1.2-4-25. Bonds; Exempt for Securities Registration
5-1.2-4-26. Bond Holders; Right to Specific Performance
5-1.2-4-27. Payment of Expenses and Power to Incur Indebtedness; Limitations; Authority Budget
5-1.2-4-28. Property; Tax Exemption
5-1.2-4-30. Participants May Invest Funds
5-1.2-4-33. Financial Assistance Agreement; Default by the Participant
5-1.2-4-34. Violations; Material Misstatement in Application
5-1.2-4-36. State Debt Management Plan; Established by the Authority