Sec. 8. (a) A public officer of the state may invest or reinvest funds held by the officer and available for investment in deposit accounts issued or offered by a designated depository. Investments under this subdivision by the treasurer of state are governed by IC 5-13-10.
(b) Investments in deposit accounts under subsection (a) must be in the amounts, and for the rates and terms, as are agreed upon from time to time by the officer making the investment and the designated depository.
(c) Investments made in accordance with subsection (a) and the interest earned or accrued on them are public funds and are covered by the insurance fund.
As added by P.L.18-1996, SEC.23.
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