Sec. 16. Bond Eligibility for Investment. Bonds issued by a municipality or joint agency under this chapter are securities in which all public officers and agencies of the state, all insurance companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. These bonds are securities that may properly and legally be deposited with and received by any officer or agency of the state for any purpose for which the deposit of bonds or obligations of the state is now or may hereafter be authorized by law.
As added by Acts 1980, P.L.68, SEC.1. Amended by P.L.136-2018, SEC.59.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 2.2. Municipal Electric Utility Programs
8-1-2.2-1. Findings and Purpose
8-1-2.2-3. Authorization to Cooperate
8-1-2.2-4. Joint Ownership of Project
8-1-2.2-5. Sale of Capacity or Output by a Municipality
8-1-2.2-6. Licenses and Approvals
8-1-2.2-7. Authority to Contract for Energy Exchange
8-1-2.2-9. General Powers of Joint Agencies
8-1-2.2-10. Contracts With Municipality
8-1-2.2-12. Trust Agreement or Resolution on Bondholders' Rights
8-1-2.2-16. Bond Eligibility for Investment
8-1-2.2-17. Agreement of State With Bondholders
8-1-2.2-18. Limited Liability on Bonds
8-1-2.2-19. Approval of Commission
8-1-2.2-20. Acquisition and Construction Contracts
8-1-2.2-22. Payments in Lieu of Taxes
8-1-2.2-24. Dissolution of Joint Agencies
8-1-2.2-26. Government Grants and Loans
8-1-2.2-28. Liability of Officers
8-1-2.2-29. Construction With Other Laws
8-1-2.2-31. Member Participating by Electronic Means of Communication