Sec. 0.4. An investment of public funds (as defined in IC 5-13-4-20, as in effect before February 27, 1996):
(1) made under a repurchase or resale agreement, including a standing repurchase or resale agreement, that was entered into before February 27, 1996; and
(2) that:
(A) would have been in compliance with section 3 of this chapter, as amended by P.L.41-1996, if section 3 of this chapter, as amended by P.L.41-1996, had been in effect at the time the repurchase or resale agreement, including a standing repurchase or resale agreement, was entered into;
(B) is no longer in effect on February 27, 1996; or
(C) is brought into compliance with section 3 of this chapter, as amended by P.L.41-1996, not later than May 27, 1996;
is legalized and validated.
As added by P.L.220-2011, SEC.94.
Structure Indiana Code
Title 5. State and Local Administration
Article 13. Investment of Public Funds
Chapter 9. Deposit and Investment Powers
5-13-9-0.3. Legalization of Investment in Certain Public Funds
5-13-9-0.4. Legalization of Certain Investment of Public Funds
5-13-9-1. Investment Powers; Funds That May Be Invested
5-13-9-2.5. Permitted Investments; Limitations
5-13-9-3.5. Investment and Reinvestment of Funds; Participation in Loans; Lending Securities
5-13-9-5. Authorization to Invest in Certificates of Deposit; Quotes From Depositories
5-13-9-5.6. Final Maturity; Investment Policy
5-13-9-5.7. Political Subdivision Investment Policy
5-13-9-6. Interest Received From Investment; Deposit; Receipt; Reinvestment; Disposition