Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION

Sec. 9.5. (a) This section applies only to a person who: (1) was an employee of the executive, legislative, or judicial branch of state government (other than an employee described in section 1(b)(1) through 1(b)(3) of this chapter); (2) after June 30, 2007, and before July 1, 20…

employee Sec. 9.6. (a) This section applies only to a person who: (1) is an employee of the executive, legislative, or judicial branch of state government (other than an employee described in section 1(b)(1) through 1(b)(3) of this chapter); and (2) after June 30, 2011, leaves em…

Sec. 1. As used in this chapter, "capital asset" means a building, a fixture, a structure, an improvement, or land. As added by P.L.139-2015, SEC.2.

Sec. 2. As used in this chapter, "fund" means a fund established under section 4 of this chapter. As added by P.L.139-2015, SEC.2.

or resolution Sec. 3. (a) Subject to the requirements of this chapter, the fiscal body of a political subdivision may adopt an ordinance (in the case of a county or municipality) or a resolution (in the case of any other political subdivision) to authorize the investment of proce…

with investment advisor; expenditure or transfer of money in the fund Sec. 4. (a) Except as provided in subsection (d), if the fiscal body of a political subdivision adopts an ordinance or a resolution under section 3 of this chapter for a particular capital asset, the fiscal off…

required; limits Sec. 5. The following apply to money deposited in the fund: (1) The principal of the fund consists of: (A) the amount deposited in the fund as the proceeds from the sale of the capital asset; plus (B) any investment income that is: (i) earned on money in the fund…

Sec. 6. The department of local government finance may not reduce a political subdivision's property tax levy under IC 6-1.1-18.5 or any other law on account of money deposited in a fund established under this chapter. As added by P.L.139-2015, SEC.2.

ineligibility; certificate Sec. 1. (a) A financial institution may at any time file an application to become a depository and receive public funds of the state on deposit. Except as provided in IC 5-13-8-1 and IC 5-13-8-7, designation of a depository to receive public funds of th…

Sec. 2. The state board of finance shall consider all applications of financial institutions filed with the state board of finance. As added by P.L.18-1996, SEC.22.

Sec. 3. (a) The state board of finance shall designate as a depository for public funds of the state any financial institution qualified under section 1 of this chapter that: (1) properly files an application to receive a deposit of public funds of the state and to provide the se…

Sec. 4. When the state board of finance has designated a depository for public funds, the treasurer of state shall accept the application of the financial institution to act as a depository for public funds. A designation under this section expires only under the following condit…

Sec. 5. A financial institution designated as a depository under this chapter shall, upon request of the treasurer of state, file a copy of the institution's most recent statement of condition. As added by P.L.18-1996, SEC.22.

Sec. 6. (a) The board for depositories regarding depositories of public funds of the state may revoke the commission of any depository at any time for any cause considered sufficient by the board for depositories. (b) The causes for which the board for depositories may revoke the…

Sec. 7. Any depository designated under this chapter may resign as a depository and relinquish all public funds on deposit with the depository. The resignation is effective: (1) thirty (30) days after written notice is given to the state board of finance; and (2) after settlement…

Sec. 8. (a) The state board of accounts, with the approval of the attorney general, shall prepare and prescribe: (1) a form of agreement to receive public funds on deposit that may be accepted and executed, as provided in this chapter; and (2) any other forms necessary to carry o…

Sec. 1. The following definitions apply throughout this chapter: (1) "Board" refers to the board of trustees of the Indiana public retirement system. (2) "Employer" means an employer of an employee that may receive a lump sum death benefit under a statute identified in section 2(…

investment; nonreversion Sec. 2. (a) The special death benefit fund is established for the purpose of paying lump sum death benefits under the following statutes: (1) IC 5-10-10. (2) IC 5-10-11. (3) IC 10-12-6. (4) IC 36-8-6-20. (5) IC 36-8-7-26. (6) IC 36-8-7.5-22. (7) IC 36-8-8…

Sec. 2.5. (a) The board shall determine contributions and contribution rates for individual employers or for a group of employers necessary to adequately maintain the fund. (b) The board shall deposit any contributions received under this section in the fund. As added by P.L.99-2…

As added by P.L.40-2017, SEC.1. Repealed by P.L.201-2023, SEC.79.

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…

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 …

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. …

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…

[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.

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 …

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.

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…

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…

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…

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…

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…

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…

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.

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…

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 …

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…

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…

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…

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…

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…

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…

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.

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…

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…

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…

Sec. 1. As used in this chapter, "firm" means an individual, partnership, limited liability company, corporation, association, joint venture, or any other form of unincorporated enterprise. As added by P.L.24-1985, SEC.16. Amended by P.L.8-1993, SEC.68.

Sec. 2. As used in this chapter, "professional services" means those services that are: (1) within the scope of practice specified by IC 25-4 for architecture, IC 25-31 for professional engineering, or IC 25-21.5 for surveying; or (2) performed by any licensed architect, professi…

Sec. 3. As used in this chapter, "public agency" includes a: (1) political subdivision as defined in IC 36-1-2-13; (2) municipally owned utility; (3) lessor corporation leasing a school building to a school corporation under IC 20-47-2 or IC 20-47-3; or (4) lessor corporation con…

Sec. 4. (a) When professional services are required for a project, a public agency may: (1) publish notice in accordance with IC 5-3-1; (2) provide for notice (other than notice in accordance with IC 5-3-1) as it determines is reasonably calculated to inform those performing prof…