Sec. 5. The depository shall credit any interest or other accretion from an investment to the investment account of the political subdivision. The interest or accretion becomes a part of the principal in that account.
As added by P.L.19-1987, SEC.13.
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