Fund investment

Sec. 4. The fund or any part of the fund may be invested in securities bearing the rate of interest that is obtainable as follows: (1) In bonds, notes, or certificates that are the obligations of, or guaranteed by, the United States. (2) In: (A) bonds of any territory or insular possession of the United States; (B) bonds, notes, warrants, certificates, or orders of the state of Indiana; or (C) any political subdivision, instrumentality, or agency of the state of Indiana; issued under authority of law. [Pre-2007 Higher Education Recodification Citation: 21-7-11-3(a).] As added by P.L.2-2007, SEC.245.