Sec. 7. Notwithstanding any statute applicable to or constituting any limitation on the investment or reinvestment of funds by or on behalf of political subdivisions, a qualified entity selling securities to the bank in connection with a program established by the bank may invest and reinvest funds that constitute, replace, or substitute for the proceeds of securities sold to the bank under an established bank program in any instrument or other investment authorized under a resolution of the bank.
As added by P.L.29-1992, SEC.3.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.5. Indiana Bond Bank
Chapter 8. Loans to Qualified Entities
5-1.5-8-2. Securities to Be Purchased and Held in Name of Bank; Required Documentation
5-1.5-8-3. Contracts With Bank; Terms and Conditions; Fees and Charges; Denomination and Prices
5-1.5-8-5.1. Authorization to Convey Revenue or Taxes to Issuing Entity
5-1.5-8-6.1. Anticipation Notes; Issuance and Purchase
5-1.5-8-7. Investment and Reinvestment; Securities Sold to Bank