Title 5, STATE AND LOCAL ADMINISTRATION

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.

Sec. 16. Interest from the investment of the public funds of the state may not be paid personally or for the benefit of any public officer. As added by P.L.18-1996, SEC.23.

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 …

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 under this section, the capital improvement board must apply to the treasurer of state in the form and manner req…

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 a new agreement of at least twenty-five (25) years before April 20…

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 the Indiana local government investment pool board; and (2) any other public officer of the sta…

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, improving, extending, and equipping a rail project.…

Sec. 3. (a) Except as provided in subsection (b), investments under this chapter may be made only in securities having a stated final maturity of two (2) years or less from the date of purchase. (b) The treasurer of state may make investments in securities having a final maturity…

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…

Sec. 5. A public agency may make all contracts for professional services on the basis of competence and qualifications for the type of services to be performed and negotiate compensation that the public agency determines to be reasonable. As added by P.L.24-1985, SEC.16.

Sec. 1. As used in this chapter, "ADM" has the meaning set forth in IC 20-18-2-2. As added by P.L.244-2017, SEC.2.

Sec. 2. As used in this chapter, "bonds" means any bonds, notes, or other evidences of indebtedness, whether payable from property taxes, other taxes, revenues, fees, or any other source. However, the term does not include notes, warrants, or other evidences of indebtedness that …

Sec. 3. (a) This section applies only to a school corporation that has an ADM of more than fifteen thousand (15,000) for the school corporation's most recent fall count. Notwithstanding any other law, a school corporation subject to this section may not issue bonds after August 1…

Sec. 4. This section applies only to the following: (1) A county that has a population of more than one hundred thousand (100,000). (2) A municipality that has a population of more than seventy-five thousand (75,000). Notwithstanding any other law, a county or municipality subjec…

Sec. 1. As used in this chapter, "governmental requirement" means a requirement imposed on a utility by a governmental unit in connection with: (1) the federal Clean Water Act (33 U.S.C. 1251 et seq.); (2) the federal Safe Drinking Water Act (42 U.S.C. 300f et seq.); or (3) any o…

Sec. 10. (a) As used in this section, "program" refers to the drinking water and wastewater infrastructure research and extension program authorized by subsection (c). (b) As used in this section, "utility" means any of the following that provides drinking water, wastewater, or s…

Sec. 2. As used in this chapter, "utility" means: (1) a public utility (as defined in IC 8-1-2-1(a)); (2) a municipally owned utility (as defined in IC 8-1-2-1(h)); or (3) a not-for-profit utility (as defined in IC 8-1-2-125(a)); that provides water or wastewater service to the p…

Sec. 3. The authority shall monitor and study events and conditions that bear upon the ability of utilities to provide clean and safe drinking water in Indiana for the foreseeable future, including the ability of utilities to directly or indirectly fund the increasing costs of me…

Sec. 4. The powers of the authority under section 3 of this chapter include the following: (1) Assessing issues related to service line ownership and replacement. (2) Assessing the challenges that utilities are likely to encounter as they become subject to more stringent governme…

Sec. 5. (a) For the purposes of this chapter, the authority shall divide the state of Indiana into study areas. (b) Each study area created under this section must consist of multiple counties. In selecting the counties to comprise each study area, the authority may consider simi…

Sec. 6. (a) The authority shall hold an annual meeting with the officers and employees of the utilities located in each study area created under section 5 of this chapter to: (1) set expectations for the utilities' activities under this section; (2) provide training; and (3) cond…

Sec. 7. To apply to the authority for a loan, a grant, or other financial assistance from: (1) the drinking water revolving loan program established by IC 5-1.2-10; or (2) the water infrastructure assistance program established by IC 5-1.2-14; a utility must demonstrate to the au…

Sec. 8. The authority may adopt rules under IC 4-22-2 concerning the administration of this chapter, including rules addressing the standard for a utility's minimum participation in study area activities under section 6 of this chapter. As added by P.L.15-2019, SEC.5.

Sec. 9. (a) The authority shall coordinate the executive branch activities related to the state's drinking water and wastewater programs. The authority's duties under this section include the following: (1) Serving as the executive branch coordinator of drinking water and wastewa…

Sec. 1. As used in this chapter, "economically disadvantaged area" means a county that has an unemployment rate exceeding the state unemployment rate by at least two percent (2%). As added by P.L.35-2009, SEC.1.

Sec. 2. As used in this chapter, "local economic development organization" (referred to as "organization") includes the following: (1) An urban enterprise association established under IC 5-28-15 (or IC 4-4-6.1 before its repeal). (2) An economic development commission establishe…

Sec. 3. As used in this chapter, "program" refers to the new business recruitment grant program established by section 4 of this chapter. As added by P.L.35-2009, SEC.1.

Sec. 4. (a) The new business recruitment grant program is established. (b) The program is administered by the corporation. As added by P.L.35-2009, SEC.1.

Sec. 5. (a) The purpose of the program is to assist the local economic development organizations that serve economically disadvantaged areas in the recruitment of new businesses. (b) The corporation must find that an applicant for a grant under this chapter serves an economically…

Sec. 6. A grant under this chapter may not exceed: (1) fifty thousand dollars ($50,000), in the case of a grant to an organization that serves only one (1) county; or (2) seventy-five thousand dollars ($75,000), in the case of a grant to an organization that serves at least two (…

Sec. 7. The corporation may adopt policies and guidelines governing application criteria and procedures for organizations applying for grants under this chapter. As added by P.L.35-2009, SEC.1.

Sec. 8. Money appropriated for the program may be used for the costs of administering this chapter. As added by P.L.35-2009, SEC.1.

Sec. 9. (a) The local economic development organization recruitment fund is established within the state treasury as a dedicated fund. Money in the fund must be spent by the corporation exclusively for grants and other purposes described in this chapter. (b) The fund consists of:…

Sec. 1. As used in this chapter, "contracting agency" refers to the agency, board, commission, officer, or trustee that enters into a public works contract covered by this article. As added by P.L.159-2003, SEC.2.