Sec. 13. The treasurer of state may lend any securities acquired under section 7 or 11 of this chapter. However, securities may be lent under this section only if the agreement under which the securities are lent is collateralized by:
(1) cash; or
(2) non-cash collateral if the state is indemnified by the custodian holding the non-cash collateral;
in excess of the total market value of the loaned securities.
As added by P.L.18-1996, SEC.23. Amended by P.L.102-2014, SEC.4.
Structure Indiana Code
Title 5. State and Local Administration
Article 13. Investment of Public Funds
Chapter 10.5. State Investments
5-13-10.5-0.3. Legalization of Certain Actions
5-13-10.5-1. Applicability of Chapter
5-13-10.5-2. Authorization for Investment and Reinvestment of Funds
5-13-10.5-4. Protection of Interests of Funds
5-13-10.5-5. Legal Custodian; Safekeeping Receipts
5-13-10.5-6. Restrictions on Public Officers
5-13-10.5-7. Investment in Securities; Cost in Excess of Par
5-13-10.5-8. Investment in Deposit Accounts
5-13-10.5-9. Investment in Repurchase or Resale Agreements; Collateral
5-13-10.5-10. Investment in Obligations Issued; Assumed or Guaranteed by Supranational Issuers
5-13-10.5-11. Investment in Other Obligations
5-13-10.5-11.5. Treasurer of State May Invest
5-13-10.5-12. Investment in Participations in Loans
5-13-10.5-13. Lending Securities
5-13-10.5-14. Designation of Fund
5-13-10.5-15. Public Depository Insurance Assessment