Indiana Code
Chapter 5. General Provisions
5-13-5-5. Transacting Business With Financial Institution or Public Retirement Fund Through Use of Electronic Funds Transfer; Ordinance or Resolution

Sec. 5. (a) The fiscal body of any political subdivision may by ordinance or resolution authorize the proper legal officers of the political subdivision to transact the political subdivision's business with a financial institution or a public pension or retirement fund administered by the Indiana public retirement system through the use of electronic funds transfer.
(b) The ordinance or resolution must:
(1) specify the types of transactions that may be conducted by electronic funds transfer; and
(2) require the proper officers to maintain adequate documentation of the transactions so that they may be audited as provided by law.
As added by P.L.19-1987, SEC.7. Amended by P.L.61-2002, SEC.9; P.L.35-2012, SEC.91.

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Structure Indiana Code

Indiana Code

Title 5. State and Local Administration

Article 13. Investment of Public Funds

Chapter 5. General Provisions

5-13-5-0.3. p.l.19-1987 Restatement of Law Affecting Public Deposit Insurance Fund and the Board for Depositories

5-13-5-1. Cashbook; Duties of Public Officers; Public Inspection

5-13-5-2. Application of Section to Public Funds Other Than State Funds; Warrants for Payment of Public Funds; Copy of Warrant; Disposition of Warrant

5-13-5-3. Drawing Warrant

5-13-5-4. Signature of Authorized Public Officers on Check or Negotiable Order of Withdrawal; Purposes

5-13-5-5. Transacting Business With Financial Institution or Public Retirement Fund Through Use of Electronic Funds Transfer; Ordinance or Resolution

5-13-5-6. Financial Institution Continuation Qualification as Depository