reglab/housing_qa huggingface dataset:
IN Code § 5-13-10.5-0.3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-0.3. Legalization of Certain Actions

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.
IN Code § 5-13-10.5-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-1. Applicability of Chapter

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, SEC.23.
IN Code § 5-13-10.5-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-2. Authorization for Investment and Reinvestment of Funds

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 investments;may invest or reinvest funds held by the treasurer of state or other public officer in any combination of the investments authorized under this chapter. In making the investment, the public official shall comply with the requirements in this chapter that apply to the investment.As added by P.L.18-1996, SEC.23.
IN Code § 5-13-10.5-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-3. Final Maturity; Percentage of Investments Outstanding; Investment Advisers and Money Managers; Investment of Money From Transportation Corridor Fund

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 or redemption date that is more than two (2) years and not more than five (5) years after the date of purchase or subscription. After an investment is made under this subsection, the total investments outstanding under this subsection may not exceed twenty-five percent (25%) of the total portfolio of funds invested by the treasurer of state. However, an investment that complies with this subsection when the investment is made remains legal even if a subsequent decrease in the total portfolio invested by the treasurer of state causes the percentage of investments outstanding under this subsection to exceed twenty-five percent (25%). The treasurer of state may contract with federally regulated investment advisers and other institutional money managers to make investments under this section.(c) Unless prohibited under federal law, the treasurer of state shall invest under subsection (b) the funds of the transportation corridor fund established by IC 8-4.5-3-7. The treasurer of state may invest other funds held by the state in compliance with subsection (b).As added by P.L.18-1996, SEC.23. Amended by P.L.46-1997, SEC.15; P.L.220-2003, SEC.3; P.L.115-2008, SEC.14.
IN Code § 5-13-10.5-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-4. Protection of Interests of Funds

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 securities if the new securities offered in exchange meet the requirements for initial investment.As added by P.L.18-1996, SEC.23.
IN Code § 5-13-10.5-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-5. Legal Custodian; Safekeeping Receipts

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 institution located either in or out of Indiana having physical custody of securities with a combined capital and surplus of at least ten million dollars ($10,000,000) according to the last statement of condition filed by the financial institution with its governmental supervisory body.(b) The state board of accounts may rely on safekeeping receipts or other reporting from any depository or financial institution.As added by P.L.18-1996, SEC.23.
IN Code § 5-13-10.5-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-6. Restrictions on Public Officers

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.
IN Code § 5-13-10.5-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-7. Investment in Securities; Cost in Excess of Par

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 the following:(A) The United States Treasury.(B) A federal agency.(C) A federal instrumentality.(D) A federal government sponsored enterprise.(b) If an investment under subsection (a) is made at a cost in excess of the par value of the securities purchased, any premium paid for the securities shall be deducted from the first interest received and returned to the fund from which the investment was purchased, and only the net amount is considered interest income.As added by P.L.18-1996, SEC.23.
IN Code § 5-13-10.5-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-8. Investment in Deposit Accounts

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) Investments in deposit accounts under subsection (a) must be in the amounts, and for the rates and terms, as are agreed upon from time to time by the officer making the investment and the designated depository.(c) Investments made in accordance with subsection (a) and the interest earned or accrued on them are public funds and are covered by the insurance fund.As added by P.L.18-1996, SEC.23.
IN Code § 5-13-10.5-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-9. Investment in Repurchase or Resale Agreements; Collateral

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, involving the purchase and guaranteed resale of any interest-bearing obligations that are:(1) issued; or(2) fully insured or guaranteed;by the United States, any United States government agency, any instrumentality of the United States government, or any federal government sponsored enterprise. The amount of money in this type of agreement must be fully collateralized by interest-bearing obligations as determined by the current market value computed on the day on which a transaction is effective.(b) The collateral for the type of agreement described in subsection (a) is not subject to the maturity limitation in section 3 of this chapter.As added by P.L.18-1996, SEC.23. Amended by P.L.46-1997, SEC.16; P.L.134-2000, SEC.2.
IN Code § 5-13-10.5-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-10. Investment in Obligations Issued; Assumed or Guaranteed by 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:(1) supranational issuers having the highest investment credit rating by at least two (2) nationally recognized credit rating agencies; or(2) the State of Israel.As added by P.L.18-1996, SEC.23. Amended by P.L.220-2003, SEC.4; P.L.102-2014, SEC.3.
IN Code § 5-13-10.5-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-11. Investment in Other Obligations

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 enterprises.(3) The Indiana bond bank, if the obligations are secured by tax anticipation time warrants or notes that:(A) are issued by a political subdivision (as defined in IC 36-1-2-13); and(B) have a maturity date not later than the end of the calendar year following the year of issuance.As added by P.L.18-1996, SEC.23. Amended by P.L.1-2004, SEC.2 and P.L.23-2004, SEC.2.
IN Code § 5-13-10.5-11.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-11.5. Treasurer of State May Invest

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 hundred seventy (270) days or less from the date of purchase.As added by P.L.220-2003, SEC.5.
IN Code § 5-13-10.5-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-12. Investment in Participations in Loans

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 conditions:(1) The principal of the participation in loans must be guaranteed by an agency or instrumentality of the United States government.(2) The participation in loans must be represented by a certificate issued by a bank that is:(A) incorporated under the laws of Indiana, another state, or the United States; and(B) insured by the Bank Insurance Fund of the Federal Deposit Insurance Corporation.(b) Funds may be invested or reinvested in a participation in loans under subsection (a) even if the certificate representing the participation in loans is not insured by the Bank Insurance Fund of the Federal Deposit Insurance Corporation.As added by P.L.18-1996, SEC.23.
IN Code § 5-13-10.5-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-13. Lending Securities

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 state is indemnified by the custodian holding the non-cash collateral;in excess of the total market value of the loaned securities.As added by P.L.18-1996, SEC.23. Amended by P.L.102-2014, SEC.4.
IN Code § 5-13-10.5-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-14. Designation of Fund

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.
IN Code § 5-13-10.5-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-15. Public Depository Insurance Assessment

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.
IN Code § 5-13-10.5-16 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-16. Interest From Investments

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.
IN Code § 5-13-10.5-17 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 10.5. State Investments|5-13-10.5-17. Service Charge

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 total service charge cannot be computed before the investment, the investing officer of the state shall estimate the service charge and adjust the interest rate based on this estimate. The service charge may be paid by direct charge to the deposit or other account or in any other manner mutually agreed upon by the investing officer and the depository.As added by P.L.18-1996, SEC.23.
IN Code § 5-13-11-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 11. Investment Cash Management System|5-13-11-1. Contract With Depository

Sec. 1. The county board of finance for a county described in IC 5-13-7-1 or the fiscal body for any other political subdivision and the investing officer of a political subdivision may contract with a depository for the operation of an investment cash management system.As added by P.L.19-1987, SEC.13. Amended by P.L.46-1991, SEC.2.
IN Code § 5-13-11-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 11. Investment Cash Management System|5-13-11-2. Requirements of Investment Contracts; Awarding of Contracts

Sec. 2. (a) The contract must:(1) be in writing;(2) provide for the investment of funds by the depository with the approval of the investing officer;(3) provide that the depository keep those records concerning the investment cash management system that the political subdivision would maintain for audits by the state board of accounts;(4) provide that investments will be made in accordance with this article;(5) provide that the depository may invest funds in the same investments and for the same terms as the treasurer of state may invest funds of the state under this article;(6) not have a term of more than two (2) years; and(7) be awarded under the bidding provisions of IC 5-22.(b) If no designated depository whose principal office or branch is located within the political subdivision will provide an investment cash management service permitted in this chapter, then the contract for an investment cash management service must be awarded as provided in IC 5-13-8-9(c). If the investment cash management service contract is awarded to a financial institution whose principal office or branch is located outside the political subdivision, then the recipient of the contract does not constitute a designated depository of the political subdivision for purposes of investment under IC 5-13-9-3 unless it meets the limitations of IC 5-13-9-4 or IC 5-13-9-5, but does constitute a depository under this article for all other purposes.As added by P.L.19-1987, SEC.13. Amended by P.L.49-1997, SEC.28; P.L.102-2014, SEC.5.
IN Code § 5-13-11-2.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 11. Investment Cash Management System|5-13-11-2.5. Contract Renewal

Sec. 2.5. (a) A contract may be renewed under this chapter if the county board of finance for a county subject to IC 5-13-7-1 or the fiscal body of a political subdivision and the investing officer of the political subdivision agree with the depository to renew the contract under the same terms or better terms as the original contract.(b) The term of a renewed contract may not be longer than the term of the original contract.(c) A contract may be renewed any number of times.As added by P.L.173-2003, SEC.3.
IN Code § 5-13-11-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 11. Investment Cash Management System|5-13-11-3. Service Charge for Management of System; Payment by Direct Charge or From Interest Earned

Sec. 3. The contract may provide for the depository to assess a service charge for its management of the investment cash management system. The service charge may be paid:(1) by direct charge to the deposit or other account; or(2) in a manner that subtracts the service charge from interest earned on the funds in the deposit or other account.As added by P.L.19-1987, SEC.13. Amended by P.L.66-1989, SEC.2; P.L.147-2011, SEC.3; P.L.202-2011, SEC.3.
IN Code § 5-13-11-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 11. Investment Cash Management System|5-13-11-4. Monthly Report of Transactions

Sec. 4. The depository shall furnish the political subdivision with at least one (1) report each month of transactions concerning the investment cash management system.As added by P.L.19-1987, SEC.13.
IN Code § 5-13-11-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 11. Investment Cash Management System|5-13-11-5. Interest or Accretion

Sec. 5. The depository shall credit any interest or other accretion from an investment to the investment account of the political subdivision. The interest or accretion becomes a part of the principal in that account.As added by P.L.19-1987, SEC.13.
IN Code § 5-13-12-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 12. Board for Depositories|5-13-12-1. Creation; Purpose; Public Deposit Insurance Fund; Tax Exemption

Sec. 1. (a) There is created an independent body politic and corporate, constituting an instrumentality of the state for the public purposes set out in this chapter, to be known as the board for depositories. The board is separate from the state in its corporate and sovereign capacity. The purpose of the board is to insure the safekeeping and prompt payment of all public funds deposited in any depository, to the extent they are not covered by insurance of any federal deposit insurance agency, by maintaining and operating in its own name the public deposit insurance fund under this chapter.(b) Every depository that has public funds shall pay into the public deposit insurance fund the assessments provided in this chapter and comply with all lawful requirements of the board for depositories. The public deposit insurance fund shall be maintained by the assessments payable by the depositories and by the collection of all claims created under IC 5-13-13 and by the receipt of all interest and other earnings of the insurance fund from any source.(c) All property in the public deposit insurance fund, the interest or income derived from it or through its use, and all property otherwise held by the board for depositories under this chapter is exempt from all taxes imposed by the state or any political subdivision.As added by P.L.19-1987, SEC.14.
IN Code § 5-13-12-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 12. Board for Depositories|5-13-12-3. Function, Powers, and Purpose

Sec. 3. (a) The board for depositories exercises essential public functions, and has a perpetual existence. The board has all powers necessary, convenient, or appropriate to carry out and effectuate its public and corporate purposes, including but not limited to the powers to do the following:(1) Adopt, amend, and repeal bylaws and rules consistent with this chapter to regulate its affairs and to effect the powers and purposes of the board, all without the necessity of adopting a rule under IC 4-22-2.(2) Adopt its budget on a calendar year or fiscal year as it shall determine.(3) Sue and be sued in its own name.(4) Have an official seal and alter it at will.(5) Maintain an office or offices at a place or places within Indiana as it may designate.(6) Make and execute contracts and all other instruments with either public or private entities.(7) Communicate with the employees of the Indiana finance authority to the extent reasonably desirable in working on a guarantee of an economic development obligation or credit enhancement obligation.(8) Deposit all uninvested funds of the public deposit insurance fund in a separate account or accounts in financial institutions that are designated as depositories to receive state funds under IC 5-13-9.5. The money in these accounts shall be paid out on checks signed by the chairman or other officers or employees of the board as it shall authorize.(9) Take any other act necessary or convenient for the performance of its duties and the exercise of its powers and functions under this chapter.(b) In enforcing any obligation of the borrower or any other person under the documents evidencing a guarantee, the board may renegotiate the guarantee, modify the rate of interest, term of the industrial development obligation or credit enhancement obligation, payment of any installment of principal or interest, or any other term of any documents, settle any obligation on the security or receipt of property or the other terms as in its discretion it deems advantageous to the public deposit insurance fund, and take any other action necessary or convenient to such enforcement.(c) The records of the board for depositories relating to negotiations between it and prospects for economic development obligation or credit enhancement obligation guarantees are excepted from the provisions of IC 5-14-3-3.As added by P.L.19-1987, SEC.14. Amended by P.L.11-1990, SEC.106; P.L.18-1996, SEC.24; P.L.235-2005, SEC.80; P.L.189-2018, SEC.34.