Indiana Code
Title 5. State and Local Administration
Article 13. Investment of Public Funds

5-13-5-0.3. p.l.19-1987 Restatement of Law Affecting Public Deposit Insurance Fund and the Board for Depositories - Sec. 0.3. (a) P.L.19-1987 is intended to restate the law...

5-13-5-1. Cashbook; Duties of Public Officers; Public Inspection - Sec. 1. (a) Every public officer who receives or distributes...

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 - Sec. 2. (a) This section applies to public funds other...

5-13-5-3. Drawing Warrant - Sec. 3. All warrants for the payment of public funds...

5-13-5-4. Signature of Authorized Public Officers on Check or Negotiable Order of Withdrawal; Purposes - Sec. 4. (a) All checks or negotiable orders of withdrawal...

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...

5-13-5-6. Financial Institution Continuation Qualification as Depository - Sec. 6. (a) A financial institution that is a depository...

Chapter 6. Deposit of Public Funds

5-13-6-1. Procedure for Deposit of Public Funds - Sec. 1. (a) All public funds paid into the treasury...

5-13-6-2. Fees Collected for Services Rendered - Sec. 2. In all cases where law provides that any...

5-13-6-3. Taxes Collected by County Treasurer; Deposit; Advance by County Auditor to Political Subdivisions; Semiannual Distribution - Sec. 3. (a) All taxes collected by the county treasurer...

5-13-6-4. Support Payments; Clerk of Circuit Court May Elect Not to Follow Accounting and Depository Procedure Prescribed; Prenumbered Receipts and Support Cashbook - Sec. 4. (a) Notwithstanding section 1 of this chapter, the...

Chapter 7. Local Boards of Finance

5-13-7-1. County Board of Finance; Membership; Duties - Sec. 1. Except as provided in section 2 of this...

5-13-7-2. County Having Consolidated City; Composition; Duties; Secretary - Sec. 2. (a) In a county having a consolidated city,...

5-13-7-3. County Board of Finance; Compensation - Sec. 3. The members of a county board of finance...

5-13-7-4. Repealed - As added by P.L.19-1987, SEC.9. Amended by P.L.8-1989, SEC.21. Repealed...

5-13-7-5. Boards of Finance of Other Political Subdivisions; Duties; Compensation - Sec. 5. (a) The fiscal body of each political subdivision...

5-13-7-6. Meetings; Election of Officers; Term; Quorum; Open Meetings; Nature of Board - Sec. 6. (a) Each local board of finance shall meet...

5-13-7-7. Investment Report - Sec. 7. (a) During the annual meeting required by section...

5-13-7-8. School Corporation Financial Condition Report; Review of Report - Sec. 8. (a) During the annual meeting required by section...

Chapter 8. Designation of Depositories

5-13-8-1. Deposit of Public Funds; Prerequisites - Sec. 1. (a) A political subdivision may deposit public funds...

5-13-8-2. Repealed - As added by P.L.19-1987, SEC.10. Amended by P.L.57-1993, SEC.3. Repealed...

5-13-8-3. Repealed - As added by P.L.19-1987, SEC.10. Repealed by P.L.18-1996, SEC.33.

5-13-8-4. Repealed - As added by P.L.19-1987, SEC.10. Repealed by P.L.18-1996, SEC.33.

5-13-8-5. Repealed - As added by P.L.19-1987, SEC.10. Amended by P.L.29-1994, SEC.2. Repealed...

5-13-8-6. Forms; Filing Copy of Institution's Statement of Condition - Sec. 6. (a) The state board of accounts shall prepare...

5-13-8-7. Revocation of Commission of Depository to Do Business With Indiana Resident - Sec. 7. (a) As used in this section, "Indiana resident"...

5-13-8-8. Repealed - As added by P.L.19-1987, SEC.10. Amended by P.L.57-1993, SEC.4. Repealed...

5-13-8-9. Deposit of Funds in Depositories Within Respective Territorial Limits of Political Subdivisions; Exceptions - Sec. 9. (a) All public funds of all political subdivisions...

5-13-8-10. Repealed - As added by P.L.19-1987, SEC.10. Amended by P.L.50-1988, SEC.2; P.L.44-1990,...

5-13-8-11. Repealed - As added by P.L.19-1987, SEC.10. Repealed by P.L.18-1996, SEC.33.

5-13-8-12. Repealed - As added by P.L.19-1987, SEC.10. Repealed by P.L.44-1990, SEC.8.

5-13-8-13. Resignation as Depository - Sec. 13. Any depository designated under this chapter may resign...

5-13-8-14. Prohibition of Designation of Depository for Disqualification Under Ic 5-22-16.5 - Sec. 14. A financial institution may not be designated as...

Chapter 9. Deposit and Investment Powers

5-13-9-0.3. Legalization of Investment in Certain Public Funds - Sec. 0.3. An investment in public funds (as defined in...

5-13-9-0.4. Legalization of Certain Investment of Public Funds - Sec. 0.4. An investment of public funds (as defined in...

5-13-9-1. Investment Powers; Funds That May Be Invested - Sec. 1. (a) Except as provided in subsection (b), in...

5-13-9-2. Investment of Funds Held in Securities; Cost in Excess of Par; Protecting Interest in Funds Invested; Legal Custodians; Safekeeping Receipts - Sec. 2. (a) Each officer designated in section 1 of...

5-13-9-2.4. Repealed - As added by P.L.134-1999, SEC.2. Repealed by P.L.220-2003, SEC.6.

5-13-9-2.5. Permitted Investments; Limitations - Sec. 2.5. (a) An officer designated in section 1 of...

5-13-9-3. Repurchase Agreements; Funds Held by Officer and Available for Investment; Obligations Held as Collateral - Sec. 3. (a) As used in this section, "repurchase agreement"...

5-13-9-3.3. Investment of Funds in Obligations Issued, Assumed, or Guaranteed by International Bank for Reconstruction and Redevelopment or African Development Bank - Sec. 3.3. Each officer designated in section 1 of this...

5-13-9-3.5. Investment and Reinvestment of Funds; Participation in Loans; Lending Securities - Sec. 3.5. (a) The fiscal officer of a political subdivision...

5-13-9-4. Deposit, Investment, or Reinvestment of Funds in Transaction Accounts; Certificates of Deposit; Deposit Accounts - Sec. 4. (a) Each officer designated in section 1 of...

5-13-9-5. Authorization to Invest in Certificates of Deposit; Quotes From Depositories - Sec. 5. (a) The board of county commissioners of each...

5-13-9-5.3. Authorization to Invest in Interest Bearing Deposit Accounts; Conditions; Exemption From Security or Pledging Requirements - Sec. 5.3. (a) For purposes of this section, "deposit account"...

5-13-9-5.6. Final Maturity; Investment Policy - Sec. 5.6. Except for investments allowed under section 2(f) or...

5-13-9-5.7. Political Subdivision Investment Policy - Sec. 5.7. (a) The fiscal body of a political subdivision...

5-13-9-6. Interest Received From Investment; Deposit; Receipt; Reinvestment; Disposition - Sec. 6. (a) All interest derived from an investment by...

5-13-9-7. Repealed - As added by P.L.19-1987, SEC.11. Repealed by P.L.18-1996, SEC.33.

5-13-9-8. Service Charges; Consideration in Computing Interest Rate; Payment by Direct Charge or From Interest Earned; Reporting by Political Subdivision - Sec. 8. Any investing officer of a political subdivision that...

5-13-9-8.5. Designation as Public Funds - Sec. 8.5. Funds deposited in deposit accounts in accordance with...

5-13-9-9. Prohibited Acts - Sec. 9. An officer designated in section 1 of this...

5-13-9-10. County Joint Investment Fund; Participating Political Subdivisions; Written Master Agreement; Administration of Board; Interest Payments - Sec. 10. (a) The investing officers of two (2) or...

5-13-9-11. Local Government Investment Pool - Sec. 11. (a) The following definitions apply throughout this section:...

Chapter 9.1. Repealed - Repealed by P.L.1-2002, SEC.172.

Chapter 9.3. Investment of Proceeds Received From the Sale of Certain Capital Assets

5-13-9.3-1. "Capital Asset" - Sec. 1. As used in this chapter, "capital asset" means...

5-13-9.3-2. "Fund" - Sec. 2. As used in this chapter, "fund" means a...

5-13-9.3-3. Investment of Proceeds From Certain Capital Assets; Ordinance or Resolution - Sec. 3. (a) Subject to the requirements of this chapter,...

5-13-9.3-4. Establishment of Separate Fund; Investment Powers; Agreement With Investment Advisor; Expenditure or Transfer of Money in the Fund - Sec. 4. (a) Except as provided in subsection (d), if...

5-13-9.3-5. Principal and Interest of Money in the Fund; Appropriation Required; Limits - Sec. 5. The following apply to money deposited in the...

5-13-9.3-6. Department of Local Government Finance May Not Reduce Levy - Sec. 6. The department of local government finance may not...

Chapter 9.5. Designation of State Depositories

5-13-9.5-1. Application by Financial Institution to Be State Depository; Ineligibility; Certificate - Sec. 1. (a) A financial institution may at any time...

5-13-9.5-2. Consideration of Applications - Sec. 2. The state board of finance shall consider all...

5-13-9.5-3. Designation of Qualified Financial Institutions as Depositories - Sec. 3. (a) The state board of finance shall designate...

5-13-9.5-4. Expiration of Designation as Depository - Sec. 4. When the state board of finance has designated...

5-13-9.5-5. Filing Copy of Institution's Statement of Condition - Sec. 5. A financial institution designated as a depository under...

5-13-9.5-6. Revocation of Commission of Depository; Causes - Sec. 6. (a) The board for depositories regarding depositories of...

5-13-9.5-7. Resignation of Depository - Sec. 7. Any depository designated under this chapter may resign...

5-13-9.5-8. Forms - Sec. 8. (a) The state board of accounts, with the...

Chapter 10. Funds Invested by the Treasurer of State

5-13-10-1. Excess Funds; Deposit in Deposit Accounts - Sec. 1. Upon determination by the treasurer of state that...

5-13-10-2. Deposit Accounts; Interest Rate Requirement - Sec. 2. Deposit accounts must bear interest at rates of...

5-13-10-3. Deposit Accounts; Limitations on Deposit; Depository to File Periodic Statement of Condition; Increase of Maximum Percentage in Depository on Finding of Excess Cash - Sec. 3. The treasurer of state may not deposit aggregate...

5-13-10-4. Publication of Average Daily Balance of Funds; Audit of Records - Sec. 4. Within thirty (30) days following the end of...

5-13-10-5. Interest to Be Receipted to General Fund - Sec. 5. All interest derived from investments under this chapter...

5-13-10-6. Payment of Interest Accruing on State Held School Funds to School Corporations - Sec. 6. All interest accrued or accruing on the sinking...

Chapter 10.5. State Investments

5-13-10.5-0.3. Legalization of Certain Actions - Sec. 0.3. Actions taken after June 30, 2007, and before...

5-13-10.5-1. Applicability of Chapter - Sec. 1. This chapter applies to the following funds: (1)...

5-13-10.5-2. Authorization for Investment and Reinvestment of Funds - Sec. 2. In addition to any other statutory power to...

5-13-10.5-3. Final Maturity; Percentage of Investments Outstanding; Investment Advisers and Money Managers; Investment of Money From Transportation Corridor Fund - Sec. 3. (a) Except as provided in subsection (b), investments...

5-13-10.5-4. Protection of Interests of Funds - Sec. 4. A public officer making an investment under this...

5-13-10.5-5. Legal Custodian; Safekeeping Receipts - Sec. 5. (a) The treasurer of state is the legal...

5-13-10.5-6. Restrictions on Public Officers - Sec. 6. A public officer of the state may not...

5-13-10.5-7. Investment in Securities; Cost in Excess of Par - Sec. 7. (a) A public officer of the state may...

5-13-10.5-8. Investment in Deposit Accounts - Sec. 8. (a) A public officer of the state may...

5-13-10.5-9. Investment in Repurchase or Resale Agreements; Collateral - Sec. 9. (a) A public officer of the state may...

5-13-10.5-10. Investment in Obligations Issued; Assumed or Guaranteed by Supranational Issuers - Sec. 10. A public officer of the state may invest...

5-13-10.5-11. Investment in Other Obligations - Sec. 11. The treasurer of state may invest or reinvest...

5-13-10.5-11.5. Treasurer of State May Invest - Sec. 11.5. The treasurer of state may invest or reinvest...

5-13-10.5-12. Investment in Participations in Loans - Sec. 12. (a) The treasurer of state may invest or...

5-13-10.5-13. Lending Securities - Sec. 13. The treasurer of state may lend any securities...

5-13-10.5-14. Designation of Fund - Sec. 14. The board of trustees of a state university...

5-13-10.5-15. Public Depository Insurance Assessment - Sec. 15. Any public depository insurance assessment paid by a...

5-13-10.5-16. Interest From Investments - Sec. 16. Interest from the investment of the public funds...

5-13-10.5-17. Service Charge - Sec. 17. Any public officer of the state that makes...

5-13-10.5-18. Investment in Capital Improvement Board Obligations; Application; Terms of Investment; Payments to Bid Fund; Discharge of Unpaid Interest Under Certain Conditions - Sec. 18. (a) As used in this section, "capital improvement...

5-13-10.5-19. Investment in Capital Improvement Board Obligations; Repayment Using Restricted Deposits and Certain Tax Revenue; Terms - Sec. 19. (a) This section applies after July 1, 2025,...

5-13-10.5-20. Rail Project Financing; Bond Issuance; Lease Back; Term of Bonds; Capital Investment Grant; Expiration - Sec. 20. (a) The following definitions apply throughout this section:...

Chapter 11. Investment Cash Management System

5-13-11-1. Contract With Depository - Sec. 1. The county board of finance for a county...

5-13-11-2. Requirements of Investment Contracts; Awarding of Contracts - Sec. 2. (a) The contract must: (1) be in writing;...

5-13-11-2.5. Contract Renewal - Sec. 2.5. (a) A contract may be renewed under this...

5-13-11-3. Service Charge for Management of System; Payment by Direct Charge or From Interest Earned - Sec. 3. The contract may provide for the depository to...

5-13-11-4. Monthly Report of Transactions - Sec. 4. The depository shall furnish the political subdivision with...

5-13-11-5. Interest or Accretion - Sec. 5. The depository shall credit any interest or other...

Chapter 12. Board for Depositories

5-13-12-1. Creation; Purpose; Public Deposit Insurance Fund; Tax Exemption - Sec. 1. (a) There is created an independent body politic...

5-13-12-2. Membership; Term; Officers; Quorum; Conduct of Meetings; Notice; Proceedings; Executive Sessions; Records - Sec. 2. (a) The board for depositories consists of the...

5-13-12-2.5. Repealed - As added by P.L.141-2000, SEC.1. Repealed by P.L.134-2012, SEC.9.

5-13-12-3. Function, Powers, and Purpose - Sec. 3. (a) The board for depositories exercises essential public...

5-13-12-3.1. Repealed - As added by P.L.5-1996, SEC.6. Repealed by P.L.177-2011, SEC.5.

5-13-12-4. Secretary-Investment Manager; Powers and Duties - Sec. 4. (a) The secretary-investment manager shall administer, manage, and...

5-13-12-5. Assessment Rate; Determination and Fixing; Assessment Base; Waiver or Elimination of Assessment Rate - Sec. 5. (a) Subject to the limitations prescribed in this...

5-13-12-6. Depositories; Duty to File Monthly Report and Pay Assessment to Insurance Fund; Failure to Pay; Forms - Sec. 6. (a) On or before the fifth day of...

5-13-12-7. Insurance Fund; Management and Operation; Transfer Restrictions; Establishment of Reserve; Determination of Profit Distribution; Investment; Limitations; Immunity of Members - Sec. 7. (a) The board for depositories shall manage and...

5-13-12-8. Economic Development Obligation or Credit Enhancement Obligation Guarantees; Limitation; Conditions; Claims, Losses, or Debts - Sec. 8. (a) The board for depositories, in making the...

5-13-12-8.5. Repealed - As added by P.L.291-2001, SEC.147. Repealed by P.L.2-2005, SEC.131.

5-13-12-8.6. Validity of Certain Loan Guaranties - Sec. 8.6. Notwithstanding the expiration of section 8.5 of this...

5-13-12-9. Investment in Instruments of Indebtedness of Credit Corporation Issued Certificate of Election by Secretary of State - Sec. 9. In addition to the investments authorized in section...

5-13-12-10. Subordination of Valid Security Agreement, Mortgage, Combinations Thereof, or Other Appropriate Document Securing Direct Obligations - Sec. 10. With regard to direct obligations of the Indiana...

5-13-12-11. Loans to Commuter Transportation District - Sec. 11. (a) In addition to the authority given the...

5-13-12-12. Board Reports; Presentment to Budget Committee - Sec. 12. (a) In June and December each year, the...

5-13-12-13. Loan to State General Fund; Repayment - Sec. 13. (a) The board for depositories shall hold until...

Chapter 13. Payments From the Public Deposit Insurance Fund

5-13-13-1. Closed Depository; Payments to Public Officers of Public Funds Deposited; Determination of Sums; Certification - Sec. 1. (a) Whenever any depository becomes a closed depository,...

5-13-13-2. Amount of Public Funds in Closed Depository; Determination Procedure - Sec. 2. (a) After the receipt of the certificate and...

5-13-13-3. Payment of Amount Determined; Subrogation of Board; Distribution of Assets of Closed Depository - Sec. 3. (a) Whenever the decision of the attorney general...

5-13-13-4. Anticipatory Warrants; Issuance; Obligation of Board; Amounts, Form, and Rate of Interest - Sec. 4. (a) Whenever the assets in the insurance fund...

5-13-13-5. Anticipatory Warrants; Sale; Proceeds; Application for Allotment of Definite Amount; Record - Sec. 5. (a) The secretary-investment manager on behalf of the...

5-13-13-6. Anticipatory Warrants; Payment; Unpaid Warrants - Sec. 6. (a) All anticipatory warrants and all interest or...

5-13-13-7. Shortage of Assets in Insurance Fund; Substitution of Other Security; Pledge of Other Securities by Depositories - Sec. 7. (a) At any time when the board for...

5-13-13-8. Reopening or Reorganization of Closed Depository - Sec. 8. (a) If in any closed depository there are...

Chapter 14. Miscellaneous Provisions

5-13-14-1. Loan for Proper Conduct of Business of State or Political Subdivision; Limitation; Pledge of Deposits in Closed Depository - Sec. 1. (a) If the state or any political subdivision...

5-13-14-2. No Liability for Public Servant for Loss of Funds in Closed Depository - Sec. 2. A public servant is not liable for loss...

5-13-14-3. Criminal Liability of Public Servant for Failure to Deposit; Liability on Bond - Sec. 3. A public servant who violates the depository duties...

5-13-14-4. Repealed - As added by P.L.19-1987, SEC.16. Amended by P.L.107-2011, SEC.4. Repealed...

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Indiana Code Title 5. State and Local Administration Article 13. Investment of Public Funds

Indiana Code
Title 5. State and Local Administration
Article 13. Investment of Public Funds