Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION
355 chapters · 3,747 sections in this title.
Ind. Code § 5-11-10.5-1 "Political subdivision" defined
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Sec. 1. As used in this chapter: "Political subdivision" means county, township, city, town, school corporation, library district, fire protection district, public transportation corporation, local hospital authority or corporation, local airport authority district, special servi…
Ind. Code § 5-11-10.5-2 Outstanding unpaid warrants or checks void
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Sec. 2. All warrants or checks drawn upon public funds of a political subdivision that are outstanding and unpaid for a period of two (2) or more years as of the last day of December of each year are void. No individual, bank, trust company, building and loan association, or any …
Ind. Code § 5-11-10.5-3 List of outstanding warrants or checks
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Sec. 3. Not later than March 1 of each year, the treasurer of each political subdivision shall prepare or cause to be prepared a list in triplicate of all warrants or checks that have been outstanding for a period of two (2) or more years as of December 31 of the preceding year. …
Ind. Code § 5-11-10.5-4 Content of list
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Sec. 4. Each list prepared under section 3 of this chapter must show: (1) the date of issue of each warrant or check; (2) the fund upon which the warrant or check was originally drawn; (3) the name of the payee; (4) the amount of each warrant or check issued; and (5) the total am…
Ind. Code § 5-11-10.5-6 Repealed
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[Pre-Local Government Recodification Citation: 19-11-3-6.] As added by Acts 1980, P.L.8, SEC.47. Repealed by P.L.64-1999, SEC.2.
Ind. Code § 5-11-10.5-7 Agreements to pay for assistance in recovering outstanding
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and unpaid check or warrant Sec. 7. (a) This section applies to a warrant or a check drawn from the public funds of a political subdivision, if the check or warrant is outstanding and unpaid, but is not determined to be unclaimed property under IC 32-34-1.5. (b) An agreement for …
Ind. Code § 5-13-10.5-0.3 Legalization of certain actions
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Sec. 0.3. Actions taken after June 30, 2007, and before March 24, 2008, that would have been valid under section 3 of this chapter, as amended by P.L.115-2008, are legalized and validated. As added by P.L.220-2011, SEC.95.
Ind. Code § 5-13-10.5-1 Applicability of chapter
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Sec. 1. This chapter applies to the following funds: (1) Funds raised by bonds issued for a future specific purpose. (2) Sinking funds. (3) Depreciation reserve funds. (4) Gifts. (5) Bequests or endowments. (6) Any other funds available for investment. As added by P.L.18-1996, SE…
Ind. Code § 5-13-10.5-10 Investment in obligations issued; assumed or guaranteed by
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supranational issuers Sec. 10. A public officer of the state may invest or reinvest funds that are held by the public officer and available for investment in United States dollar denominated obligations issued, assumed, or guaranteed as to the payment of principal and interest by…
Ind. Code § 5-13-10.5-11 Investment in other obligations
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Sec. 11. The treasurer of state may invest or reinvest funds that are held by the treasurer and that are available for investment in obligations issued by any of the following: (1) Agencies or instrumentalities of the United States government. (2) Federal government sponsored ent…
Ind. Code § 5-13-10.5-11.5 Treasurer of state may invest
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Sec. 11.5. The treasurer of state may invest or reinvest funds that are held by the treasurer and that are available for investment in commercial paper rated in the highest rating category by one (1) nationally recognized rating service and with a stated final maturity of two hun…
Ind. Code § 5-13-10.5-12 Investment in participations in loans
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Sec. 12. (a) The treasurer of state may invest or reinvest any funds that are held by the treasurer and available for investment, in participations in loans. However, funds may be invested or reinvested in a participation in loans under this subsection only under the following co…
Ind. Code § 5-13-10.5-13 Lending securities
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Sec. 13. The treasurer of state may lend any securities acquired under section 7 or 11 of this chapter. However, securities may be lent under this section only if the agreement under which the securities are lent is collateralized by: (1) cash; or (2) non-cash collateral if the s…
Ind. Code § 5-13-10.5-14 Designation of fund
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Sec. 14. The board of trustees of a state university may designate the fund to which the interest of its investments shall be receipted. As added by P.L.18-1996, SEC.23.
Ind. Code § 5-13-10.5-15 Public depository insurance assessment
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Sec. 15. Any public depository insurance assessment paid by a depository on any deposit account of the state under IC 5-13-12-5 shall be deducted from the interest otherwise payable on that account. As added by P.L.18-1996, SEC.23. IC 5-13-10.5-16 Interest from investments Sec. 1…
Ind. Code § 5-13-10.5-17 Service charge
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Sec. 17. Any public officer of the state that makes a deposit in any deposit or other account may be required to pay a service charge to the depository in which the funds are deposited, if the depository requires all customers to pay the charge for providing that service. If the …
Ind. Code § 5-13-10.5-18 Investment in capital improvement board obligations;
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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 board" refers to a capital improvement board established under IC 36-10-9. (b) To qualify for an investment und…
Ind. Code § 5-13-10.5-19 Investment in capital improvement board obligations;
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repayment using restricted deposits and certain tax revenue; terms Sec. 19. (a) This section applies after July 1, 2025, if: (1) the: (A) capital improvement board of managers; and (B) a professional sports franchise that is part of the National Basketball Association; enter into…
Ind. Code § 5-13-10.5-2 Authorization for investment and reinvestment of funds
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Sec. 2. In addition to any other statutory power to make investments under any other law: (1) the treasurer of state, under the guidelines established by the state board of finance; and (2) any other public officer of the state authorized by statute or court order to make investm…
Ind. Code § 5-13-10.5-20 Rail project financing; bond issuance; lease back; term of
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bonds; capital investment grant; expiration Sec. 20. (a) The following definitions apply throughout this section: (1) "Bonds" means bonds of the IFA issued under IC 5-1.3-6-1(a). (2) "Construction" means constructing, acquiring, renovating, rehabilitating, reconstructing, improvi…
Ind. Code § 5-13-10.5-4 Protection of interests of funds
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Sec. 4. A public officer making an investment under this chapter may sell any securities acquired and may take any action necessary to protect the interests of the funds invested, including the exercise of exchange privileges that may be granted with respect to maturing securitie…
Ind. Code § 5-13-10.5-5 Legal custodian; safekeeping receipts
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Sec. 5. (a) The treasurer of state is the legal custodian of securities under this chapter. The treasurer of state shall accept safekeeping receipts or other reporting for securities from: (1) a duly designated depository as prescribed in this article; or (2) a financial institut…
Ind. Code § 5-13-10.5-6 Restrictions on public officers
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Sec. 6. A public officer of the state may not do the following: (1) Purchase securities on margin. (2) Open a securities margin account for the investment of public funds. As added by P.L.18-1996, SEC.23.
Ind. Code § 5-13-10.5-7 Investment in securities; cost in excess of par
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Sec. 7. (a) A public officer of the state may invest or reinvest funds held by the officer and available for investment in securities that are: (1) backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States; and (2) issued by any of…
Ind. Code § 5-13-10.5-8 Investment in deposit accounts
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Sec. 8. (a) A public officer of the state may invest or reinvest funds held by the officer and available for investment in deposit accounts issued or offered by a designated depository. Investments under this subdivision by the treasurer of state are governed by IC 5-13-10. (b) I…
Ind. Code § 5-13-10.5-9 Investment in repurchase or resale agreements; collateral
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Sec. 9. (a) A public officer of the state may invest any funds held by the officer and available for investment into agreements, commonly known as repurchase or resale agreements with depositories designated by the state board of finance as depositories for state deposits, involv…