Indiana Code
Chapter 10.5. State Investments
5-13-10.5-9. Investment in Repurchase or Resale Agreements; Collateral

Sec. 9. (a) A public officer of the state may invest any funds held by the officer and available for investment into agreements, commonly known as repurchase or resale agreements with depositories designated by the state board of finance as depositories for state deposits, involving the purchase and guaranteed resale of any interest-bearing obligations that are:
(1) issued; or
(2) fully insured or guaranteed;
by the United States, any United States government agency, any instrumentality of the United States government, or any federal government sponsored enterprise. The amount of money in this type of agreement must be fully collateralized by interest-bearing obligations as determined by the current market value computed on the day on which a transaction is effective.
(b) The collateral for the type of agreement described in subsection (a) is not subject to the maturity limitation in section 3 of this chapter.
As added by P.L.18-1996, SEC.23. Amended by P.L.46-1997, SEC.16; P.L.134-2000, SEC.2.

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