Indiana Code
Chapter 10.5. State Investments
5-13-10.5-3. Final Maturity; Percentage of Investments Outstanding; Investment Advisers and Money Managers; Investment of Money From Transportation Corridor Fund

Sec. 3. (a) Except as provided in subsection (b), investments under this chapter may be made only in securities having a stated final maturity of two (2) years or less from the date of purchase.
(b) The treasurer of state may make investments in securities having a final maturity or redemption date that is more than two (2) years and not more than five (5) years after the date of purchase or subscription. After an investment is made under this subsection, the total investments outstanding under this subsection may not exceed twenty-five percent (25%) of the total portfolio of funds invested by the treasurer of state. However, an investment that complies with this subsection when the investment is made remains legal even if a subsequent decrease in the total portfolio invested by the treasurer of state causes the percentage of investments outstanding under this subsection to exceed twenty-five percent (25%). The treasurer of state may contract with federally regulated investment advisers and other institutional money managers to make investments under this section.
(c) Unless prohibited under federal law, the treasurer of state shall invest under subsection (b) the funds of the transportation corridor fund established by IC 8-4.5-3-7. The treasurer of state may invest other funds held by the state in compliance with subsection (b).
As added by P.L.18-1996, SEC.23. Amended by P.L.46-1997, SEC.15; P.L.220-2003, SEC.3; P.L.115-2008, SEC.14.

Structure Indiana Code

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

5-13-10.5-3. Final Maturity; Percentage of Investments Outstanding; Investment Advisers and Money Managers; Investment of Money From Transportation Corridor Fund

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

5-13-10.5-16. Interest From Investments

5-13-10.5-17. Service Charge

5-13-10.5-18. Investment in Capital Improvement Board Obligations; Application; Terms of Investment; Payments to Bid Fund; Discharge of Unpaid Interest Under Certain Conditions

5-13-10.5-19. Investment in Capital Improvement Board Obligations; Repayment Using Restricted Deposits and Certain Tax Revenue; Terms

5-13-10.5-20. Rail Project Financing; Bond Issuance; Lease Back; Term of Bonds; Capital Investment Grant; Expiration