Sec. 23. The bonds issued under this article by the authority are declared to be legal investments in which all public officers or public bodies of this state, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on insurance business, all banks, bankers, banking associations, trust companies, savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons who are authorized to invest in bonds or in other obligations of this state, may invest funds, including capital, in their control or belonging to them. The bonds are also made securities that may be deposited with and received by all public officers and bodies of this state or any agency or political subdivisions of this state and all municipalities and public commissions for any purpose for which the deposit of bonds or other obligations of this state is authorized by law.
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