Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION

issuance of bonds or notes for purpose of purchase Sec. 1. The bank, to carry out the purposes and policies of this article, may purchase securities offered by a qualified entity. Notwithstanding any law to the contrary, a qualified entity may sell its securities to the bank at a…

documentation Sec. 2. (a) All securities at any time purchased, held, or owned by the bank shall at all times be purchased and held in the name of the bank. (b) All securities at any time purchased by the bank, upon delivery to the bank, shall be accompanied by all documentation …

conditions; fees and charges; denomination; prices; private sale Sec. 3. Every qualified entity is authorized and empowered to contract with the bank with respect to the purchase of its securities, and the contracts shall contain the terms and conditions of the purchase and may b…

nonpayment; rights and remedies of bank Sec. 4. Upon the sale and delivery by a qualified entity of any securities to the bank, the qualified entity shall be deemed to have agreed that upon its failure to pay interest or principal on the securities owned or held by the bank when …

bank; renewal or extension; maturity; terms and conditions Sec. 5. (a) Notwithstanding any law applicable to a qualified entity concerning the issuance of bonds, a qualified entity that has complied with all statutory requirements for the issuance of its bonds may (in lieu of iss…

extension; maturity; compliance with other laws; terms and conditions Sec. 6. (a) Notwithstanding any other law applicable to a qualified entity as to borrowing money, a qualified entity may issue and sell its notes to the bank, and the bank may purchase these notes. The notes mu…

issuance of bonds and notes for purpose of purchase Sec. 1. The bank, to carry out the purposes and policies of this article, may purchase securities of the qualified entity, including any securities issued by a school corporation to refund bonds or other obligations that were is…

documentation Sec. 2. (a) All securities at any time purchased, held, or owned by the bank shall at all times be purchased and held in the name of the bank. (b) Except for agreements described in IC 5-1.5-1-10(4), all securities at any time purchased by the bank, upon delivery to…

denomination and prices Sec. 3. (a) Every qualified entity is authorized and empowered to contract with the bank with respect to the loan or purchase of its securities, and the contracts shall contain the terms and conditions of the loan or purchase and may be in any form agreed …

nonpayment; rights and remedies of bank Sec. 4. Upon the sale and delivery by a qualified entity of any securities to the bank, the qualified entity shall be deemed to have agreed that upon its failure to pay interest or principal on the securities owned or held by or arising fro…

to qualified entity; duty on default on payment of principal or interest by qualified entity Sec. 5. (a) Notwithstanding any other provision of law, to the extent that any department or agency of the state, including the treasurer of state, is the custodian of money payable to th…

Sec. 5.1. (a) The following definitions apply throughout this section: (1) "Assignment agreement" means an agreement between a qualified entity and the issuing entity for the conveyance of all or part of any revenues or taxes received by the qualified entity from a disbursement a…

As added by P.L.25-1984, SEC.1. Repealed by P.L.43-1985, SEC.28.

Sec. 6.1. (a) Notwithstanding any law applicable to a qualified entity concerning the issuance of bonds, a qualified entity that has complied with all statutory requirements for the issuance of its bonds may, in lieu of issuing bonds at that time and without the need for complyin…

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…

Sec. 1. (a) The definitions in this section apply throughout this chapter. (b) "Foundry products" means products cast from ferrous and nonferrous metals by foundries in the United States. (c) "Person" means a natural person, corporation, limited liability company, partnership, or…

reasonable pricing Sec. 2. (a) Each public agency shall require that every contract for the construction, reconstruction, alteration, repair, improvement or maintenance of public works contain a provision that, if any steel or foundry products are to be used or supplied in the pe…

made upon noncomplying contracts Sec. 3. A public agency may not authorize or make any payments to a person under a contract containing the provision required by section 2 of this chapter unless the public agency is satisfied that such person has fully complied with that provisio…

Sec. 4. This chapter does not apply if the head of the public agency determines, in writing, that steel or foundry products are not produced in the United States in sufficient quantities to meet the requirements of the contract. As added by Acts 1978, P.L.27, SEC.1. Amended by P.…

Sec. 5. This chapter is designed to promote the general welfare of the people of this state and is supplemental to all laws concerning public works and shall be liberally construed to fully effectuate its purposes. As added by Acts 1978, P.L.27, SEC.1.

Sec. 1. (a) This chapter applies only to a purchase expected by the purchasing agent to be less than one hundred fifty thousand dollars ($150,000). (b) Purchase requirements may not be artificially divided so as to constitute a small purchase under this chapter. As added by P.L.4…

Sec. 1.5. (a) This section applies to a purchase by a purchasing agency that is a public school (as defined in IC 20-18-2-15) or school corporation (as defined in IC 5-10.4-1-13). (b) If a youth agricultural education program produces food, subject to subsection (c), a purchasing…

Sec. 2. (a) This section applies only if the purchasing agent expects the purchase to be less than fifty thousand dollars ($50,000). (b) A purchasing agent may make a purchase under small purchase policies established by the purchasing agency or under rules adopted by the governm…

Sec. 3. (a) This section applies only if the purchasing agent expects the purchase to be: (1) at least fifty thousand dollars ($50,000); and (2) not more than one hundred fifty thousand dollars ($150,000). (b) A purchasing agent may purchase supplies under this section by invitin…

Sec. 1. (a) A governmental body may enter into a public-private agreement with respect to a transportation project, if the governmental body complies with the statutory requirements under this article. Any public-private agreement with respect to a transportation project may use …

Sec. 2. (a) Before developing or operating the qualifying project, the operator must enter into a public-private agreement with the governmental body. The public-private agreement must provide for the following: (1) Delivery of performance and payment bonds, letters of credit, or…

Sec. 3. (a) The operator shall do the following: (1) Develop or operate the qualifying project in a manner that is acceptable to the governmental body in accordance with the provisions of the public-private agreement. (2) Maintain or provide by contract for the maintenance or imp…

Sec. 1. As used in this chapter, "federal agency" means the Economic Development Administration of the United States Department of Commerce. As added by P.L.4-2005, SEC.34.

Sec. 10. (a) A qualified entity may apply to the corporation for a loan from the fund to be used for economic development programs. (b) An amount loaned to a qualified entity is an obligation of the qualified entity and shall be repaid to the corporation within a time to be fixed…

Sec. 2. As used in this chapter, "federal program" means a federal loan or grant program that promotes economic development. As added by P.L.4-2005, SEC.34.

Sec. 3. As used in this chapter, "fund" refers to the economic development fund established by section 5 of this chapter. As added by P.L.4-2005, SEC.34.

Sec. 4. As used in this chapter, "qualified entity" means: (1) the state; (2) a political subdivision of the state; (3) an agency of the state or a political subdivision of the state; (4) a nonprofit corporation; (5) the Indiana finance authority established by IC 5-1.2-3; or (6)…

Sec. 5. (a) The economic development fund is established within the state treasury. The fund is a revolving fund to provide grants and loans for economic development activities in Indiana for the purposes of this chapter. (b) The fund consists of appropriations from the general a…

Sec. 6. (a) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund. (b) The treasurer …

Sec. 7. The auditor of state shall draw warrants on the treasurer of state in payment of properly prepared vouchers signed by the secretary of commerce or the secretary of commerce's designee. As added by P.L.4-2005, SEC.34. Amended by P.L.74-2020, SEC.5.

Sec. 8. (a) The corporation shall receive grants allocated by a federal program for the purposes specified in section 9(c) of this chapter. Guidelines shall be prepared by the corporation enumerating the qualification procedures for receipt of grants and loans from the fund. Thes…

Sec. 9. (a) If federal money will not be used in conjunction with fund money, a qualified entity that wants a grant from the fund must submit an application for the grant to the corporation. The corporation shall review the application and may approve the application if the activ…

Sec. 1. As used in this chapter, "plan" refers to a voluntary supplemental retirement plan established for a political subdivision under this chapter. As added by P.L.5-1997, SEC.3.

Sec. 2. The board may elect to establish a voluntary supplemental retirement plan for political subdivisions. A plan established under this chapter shall be governed by Section 457 of the Internal Revenue Code. A plan established under this chapter shall be funded through employe…

Sec. 3. The board shall maintain a separate trust for the plan, and the assets shall not be part of, or commingled with, the assets of the other funds administered by the board. As added by P.L.5-1997, SEC.3.

pension benefits prohibited Sec. 4. A plan established under this chapter exists and serves in addition to other retirement, pension, and benefit systems established by a political subdivision and may not result in a reduction of any retirement, pension, or other benefit provided…

Sec. 5. A plan established under this chapter shall include appropriate provisions pertaining to the day-to-day operation of the plan, including methods to elect income deferrals, changes to elections, or other provisions that may be appropriate. The investment options shall be c…

Sec. 0.1. The addition of section 13 of this chapter by P.L.191-2002 applies to monthly benefits payable by the public employees' retirement fund after December 31, 2002. As added by P.L.220-2011, SEC.82.

Sec. 1. Retirement and Retirement Benefits. The conditions for a member's retirement and the computation of his retirement benefit are stated in IC 5-10.2-4. As added by Acts 1977, P.L.53, SEC.3.

Sec. 10. Assignment of Benefits. A member or a beneficiary may not assign any payment except for: (1) premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in whole or in part by: (A) a state agency; or (B) any association that proves to the bo…

retirement or disability benefit; limitations Sec. 11. (a) The retirement or disability benefit (including the annuity) provided under this chapter at the date of retirement or disability to a member who: (1) has been classified as a federal employee by the Secretary of Agricultu…

Sec. 12. (a) The board may stop a member's, survivor's, or beneficiary's benefit if any of the following occur: (1) The member does any of the following while receiving the benefit: (A) Fails to report for a required examination, unless excused by the board. (B) Disobeys the requ…

increase Sec. 13. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable to a member of the fund (or to a survivor or beneficiary of a member of the fund) shall be increased beginning on Jan…

Sec. 14. (a) Except as provided in subsection (d), this section applies to employees of the state who are: (1) members of the fund; and (2) paid by the auditor of state by salary warrants. (b) Except as provided in subsection (d), this section does not apply to the employees of t…

Sec. 15. (a) The board may adopt rules to allow a member who designates more than one (1) beneficiary to allocate benefit shares in percentage increments. (b) This subsection applies in the case of a member who dies after June 30, 2013. Notwithstanding a contrary collateral agree…