Sec. 3. For purposes of valuation, investments in the reserve fund shall be valued at par, or if purchased at less than par, at cost unless otherwise provided by resolution or trust agreement of the bank. Valuation on a particular date shall include the amount of interest then earned or accrued to that date on the money or investments in the reserve fund.
As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.20.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.5. Indiana Bond Bank
5-1.5-5-1. Establishment; Application of Funds; Required Debt Service Reserve; Excess Money
5-1.5-5-2. Investment of Funds
5-1.5-5-3. Valuation of Investments
5-1.5-5-5. Combining Reserve Funds
5-1.5-5-6. Certain Qualified Entities; Debt Service Reserve Appropriations Not Available