Sec. 2.5. (a) A contract may be renewed under this chapter if the county board of finance for a county subject to IC 5-13-7-1 or the fiscal body of a political subdivision and the investing officer of the political subdivision agree with the depository to renew the contract under the same terms or better terms as the original contract.
(b) The term of a renewed contract may not be longer than the term of the original contract.
(c) A contract may be renewed any number of times.
As added by P.L.173-2003, SEC.3.
Structure Indiana Code
Title 5. State and Local Administration
Article 13. Investment of Public Funds
Chapter 11. Investment Cash Management System
5-13-11-1. Contract With Depository
5-13-11-2. Requirements of Investment Contracts; Awarding of Contracts
5-13-11-3. Service Charge for Management of System; Payment by Direct Charge or From Interest Earned