reglab/housing_qa huggingface dataset:
IN Code § 5-13-8-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 8. Designation of Depositories|5-13-8-9. Deposit of Funds in Depositories Within Respective Territorial Limits of Political Subdivisions; Exceptions

Sec. 9. (a) All public funds of all political subdivisions shall be deposited in the designated depositories located in the respective territorial limits of the political subdivisions, except as provided in this section.(b) Each board of finance of a political subdivision:(1) that is not a city, town, or school corporation; and(2) whose jurisdiction crosses one (1) or more county lines;may limit its boundaries for the purpose of this section to that portion of the political subdivision within the county where its principal office is located.(c) If there is no principal office or branch of a financial institution located in the county or political subdivision, or if no financial institution with a principal office or branch in the county or political subdivision will accept public funds under this chapter, the board of finance of the county and the boards of finance of the political subdivisions in the county shall designate one (1) or more financial institutions with a principal office or branch outside of the county or political subdivision, and in the state, as a depository or depositories.(d) The board of trustees for a hospital organized or operated under IC 16-22-1 through IC 16-22-5 or IC 16-23-1 may invest any money in the hospital fund anywhere in the state with any financial institution designated by the state board of finance as depositories for state deposits.(e) If only one (1) financial institution that has a branch or principal office in a county or political subdivision is willing to accept public funds, the board of finance for the county or political subdivision may:(1) treat the financial institution that is located within the county or political subdivision as if the financial institution were not located within the county or political subdivision; and(2) designate one (1) or more financial institutions to receive public funds under the requirements of subsection (c).(f) The investing officer shall maintain the deposits as follows:(1) In one (1) or more depositories designated for the political subdivision, if the sum of the monthly average balances of all the transaction accounts for the political subdivision does not exceed one hundred thousand dollars ($100,000).(2) In each depository designated for the political subdivision, if subdivision (1) does not apply and fewer than three (3) financial institutions are designated by the local board of finance as a depository.(3) In at least two (2) depositories designated for the political subdivision, if subdivision (1) does not apply and at least three (3) financial institutions are designated by the local board of finance as a depository.As added by P.L.19-1987, SEC.10. Amended by P.L.44-1990, SEC.4; P.L.2-1993, SEC.48; P.L.75-1995, SEC.1; P.L.74-1995, SEC.4; P.L.18-1996, SEC.10; P.L.46-1997, SEC.8; P.L.173-2003, SEC.1.
IN Code § 5-13-8-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 8. Designation of Depositories|5-13-8-13. Resignation as Depository

Sec. 13. 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 after thirty (30) days notice in writing to the state board of finance and after settlement with the proper board of finance for all public funds on deposit with the depository.As added by P.L.19-1987, SEC.10. Amended by P.L.46-1997, SEC.9.
IN Code § 5-13-8-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 8. Designation of Depositories|5-13-8-14. Prohibition of Designation of Depository for Disqualification Under Ic 5-22-16.5

Sec. 14. A financial institution may not be designated as a depository under this chapter if the financial institution would be disqualified from being awarded a contract under IC 5-22-16.5.As added by P.L.21-2012, SEC.2.
IN Code § 5-13-9-0.3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-0.3. Legalization of Investment in Certain Public Funds

Sec. 0.3. An investment in public funds (as defined in IC 5-13-4-20):(1) made or entered into before March 21, 1996; and(2) that:(A) would have been in compliance with this chapter, as amended by P.L.18-1996, if this chapter, as amended by P.L.18-1996, had been in effect at the time the investment was made or agreement entered into;(B) is no longer in effect on March 21, 1996; or(C) is brought into compliance with this chapter, as amended by P.L.18-1996, not later than June 19, 1996;is legalized and validated.As added by P.L.220-2011, SEC.93.
IN Code § 5-13-9-0.4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-0.4. Legalization of Certain Investment of Public Funds

Sec. 0.4. An investment of public funds (as defined in IC 5-13-4-20, as in effect before February 27, 1996):(1) made under a repurchase or resale agreement, including a standing repurchase or resale agreement, that was entered into before February 27, 1996; and(2) that:(A) would have been in compliance with section 3 of this chapter, as amended by P.L.41-1996, if section 3 of this chapter, as amended by P.L.41-1996, had been in effect at the time the repurchase or resale agreement, including a standing repurchase or resale agreement, was entered into;(B) is no longer in effect on February 27, 1996; or(C) is brought into compliance with section 3 of this chapter, as amended by P.L.41-1996, not later than May 27, 1996;is legalized and validated.As added by P.L.220-2011, SEC.94.
IN Code § 5-13-9-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-1. Investment Powers; Funds That May Be Invested

Sec. 1. (a) Except as provided in subsection (b), in addition to any other statutory power to make investments, each county treasurer and each fiscal officer of any political subdivision other than a county, under the guidelines established, respectively, by the board of county commissioners of each county and the fiscal body of any other subdivision, and any other officer of a local government entity authorized by statute or court order to make investments, may invest any funds held by each in accordance with this chapter.(b) The treasurer of state may invest funds under sections 2(a)(3) and 2.5 of this chapter.(c) The funds that may be invested under this chapter include money raised by bonds issued for a future specific purpose, sinking funds, depreciation reserve funds, gift, bequest or endowment, and any other funds available for investment.As added by P.L.19-1987, SEC.11. Amended by P.L.18-1996, SEC.11; P.L.134-1999, SEC.1; P.L.220-2003, SEC.1; P.L.102-2014, SEC.1.
IN Code § 5-13-9-2.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-2.5. Permitted Investments; Limitations

Sec. 2.5. (a) An officer designated in section 1 of this chapter may invest or reinvest funds that are held by the officer and available for investment in investments commonly known as money market mutual funds that are in the form of securities of or interests in an open-end, no-load, management-type investment company or investment trust registered under the provisions of the federal Investment Company Act of 1940, as amended (15 U.S.C. 80a et seq.).(b) The investments described in subsection (a) shall be made through depositories designated by the state board of finance as depositories for state deposits under IC 5-13-9.5.(c) The portfolio of an investment company or investment trust described in subsection (a) must be limited to the following:(1) Direct obligations of the United States.(2) Obligations issued by any of the following:(A) A federal agency.(B) A federal instrumentality.(C) A federal government sponsored enterprise.(3) Repurchase agreements fully collateralized by obligations described in subdivision (1) or (2).(d) The form of securities of or interests in an investment company or investment trust described in subsection (a) must be rated as one (1) of the following:(1) AAAm, or its equivalent, by Standard and Poor's Corporation or its successor.(2) Aaa, or its equivalent, by Moody's Investors Service, Inc. or its successor.(e) The form of securities in an investment company or investment trust described in subsection (a) is considered to have a stated final maturity of one (1) day.(f) The state board of accounts may rely on transaction confirmations evidencing ownership of the form of securities of or interests in an investment company or investment trust described in subsection (a).As added by P.L.134-1999, SEC.3. Amended by P.L.115-2010, SEC.7.
IN Code § 5-13-9-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-3. Repurchase Agreements; Funds Held by Officer and Available for Investment; Obligations Held as Collateral

Sec. 3. (a) As used in this section, "repurchase agreement" means an agreement:(1) involving the purchase and guaranteed resale of securities between two (2) parties; and(2) that may be entered into for a fixed term or arranged on an open or a continuing basis as a continuing contract that:(A) operates like a series of overnight repurchase agreements;(B) is renewed each day with the repurchase rate and the amount of funds invested determined daily; and(C) for purposes of this article, is considered to have a stated final maturity of one (1) day.(b) Each officer designated in section 1 of this chapter may enter into, with any funds that are held by the officer and available for investment, repurchase agreements:(1) with depositories designated by the state board of finance as depositories for state deposits under IC 5-13-9.5; and(2) involving the political subdivision's purchase and guaranteed resale of any interest-bearing obligations:(A) issued; or(B) fully insured or guaranteed;by the United States, a United States government agency, an instrumentality of the United States, or a federal government sponsored enterprise.The depository shall determine daily that the amount of money in this type of agreement must be fully collateralized by interest-bearing obligations as determined by their current market value. The collateral for this type of agreement is not subject to the provisions of section 2(c) of this chapter.(c) If the market value of the obligations being held as collateral falls below the level required under subsection (b) or a higher level established by agreement, the depository shall deliver additional securities to the political subdivision to make the agreement collateralized to the applicable level. The collateral involved in a repurchase agreement entered into under this section is not subject to the maturity limitation provided in section 5.6 of this chapter.(d) A political subdivision may invest in repurchase agreements without entering into a contract under IC 5-13-11 for an investment cash management system.As added by P.L.19-1987, SEC.11. Amended by P.L.49-1988, SEC.1; P.L.41-1996, SEC.1; P.L.18-1996, SEC.13; P.L.46-1997, SEC.10; P.L.134-2000, SEC.1.
IN Code § 5-13-9-3.3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-3.3. Investment of Funds in Obligations Issued, Assumed, or Guaranteed by International Bank for Reconstruction and Redevelopment or African Development Bank

Sec. 3.3. Each officer designated in section 1 of this chapter may invest or reinvest any funds that are held by the officer and available for investment in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Redevelopment or the African Development Bank.As added by P.L.18-1996, SEC.14.
IN Code § 5-13-9-3.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-3.5. Investment and Reinvestment of Funds; Participation in Loans; Lending Securities

Sec. 3.5. (a) The fiscal officer of a political subdivision or county treasurer that is located in a county containing a consolidated city may invest or reinvest any funds that are held by the fiscal officer or the county treasurer and that are 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 though the certificate representing the participation in loans is not insured by the Bank Insurance Fund of the Federal Deposit Insurance Corporation.(c) A fiscal officer or county treasurer described in subsection (a) may lend any securities acquired under this section or section 2 of this chapter. However, securities may be lent under this subsection only if the agreement under which the securities are lent is collateralized by:(1) cash; or(2) interest bearing obligations that are issued by, fully insured by, or guaranteed by the United States, an agency of the United States government, a federal instrumentality, or a federal government sponsored enterprise in excess of the total market value of the loaned securities.As added by P.L.44-1990, SEC.6. Amended by P.L.8-1991, SEC.3; P.L.29-1992, SEC.4; P.L.57-1993, SEC.5; P.L.18-1996, SEC.15; P.L.46-1997, SEC.11.
IN Code § 5-13-9-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-4. Deposit, Investment, or Reinvestment of Funds in Transaction Accounts; Certificates of Deposit; Deposit Accounts

Sec. 4. (a) Each officer designated in section 1 of this chapter may, subject to the restrictions provided in IC 5-13-8-9(a) through IC 5-13-8-9(e), deposit, invest, or reinvest any funds that are held by the officer and available for investment in transaction accounts issued or offered by a designated depository of a political subdivision for the rates and terms agreed upon periodically by the officer making the investment and the designated depository.(b) The investing officer making a deposit in a certificate of deposit shall obtain quotes of the specific rates of interest for the term of that certificate of deposit that each designated depository will pay on the certificate of deposit. Quotes may be solicited and taken by telephone. A memorandum of all quotes solicited and taken shall be retained by the investing officer as a public record of the political subdivision under IC 5-14-3. If the deposit is not placed in the designated depository quoting the highest rate of interest, the investing officer shall:(1) place the deposit in the depository quoting the second or third highest rate of interest; and(2) note the reason for placing the deposit on the memorandum of quotes.(c) If all of the designated depositories of a political subdivision decline to issue or receive any deposit account, or to issue or receive the deposit account at a rate of interest equal to the highest rate being offered other investors, investments may be made in the deposit accounts of any financial institution designated for state deposits as a depository by the state board of finance under IC 5-13-9.5.As added by P.L.19-1987, SEC.11. Amended by P.L.50-1988, SEC.1; P.L.44-1990, SEC.7; P.L.57-1993, SEC.6; P.L.18-1996, SEC.16; P.L.46-1997, SEC.12; P.L.173-2003, SEC.2; P.L.115-2010, SEC.8; P.L.117-2018, SEC.1.
IN Code § 5-13-9-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-5. Authorization to Invest in Certificates of Deposit; Quotes From Depositories

Sec. 5. (a) The board of county commissioners of each county, and the fiscal body of each political subdivision other than a county, may, subject to the restrictions provided in IC 5-13-8-9(a) through IC 5-13-8-9(e), by ordinance or resolution authorize the investing officer of each, respectively, to invest in certificates of deposit of depositories that have not been designated by the local board of finance of either but have been designated by the state board of finance as a depository for state deposits under IC 5-13-9.5. An ordinance or a resolution adopted under this subsection must provide that the authority granted in the ordinance or resolution expires on a date that is not later than one (1) year after the date the ordinance or resolution is adopted.(b) With respect to any money to be invested in a deposit account under subsection (a), the investing officer shall solicit quotes for the certificates of deposit from at least three (3) depositories. If only one (1) depository has been designated for the political subdivision by its local board of finance, a quote must be solicited from that depository. If two (2) or more depositories have been designated for the political subdivision by its local board of finance, at least two (2) quotes must be solicited from the depositories thus designated. The quotes may be solicited and taken by telephone. A memorandum of all quotes solicited and taken shall be retained by the investing officer as a public record of the political subdivision under IC 5-14-3.(c) If a deposit is not placed in the designated depository quoting the highest rate of interest, the investing officer shall follow the procedures and priority for placing deposits that are set forth in section 4 of this chapter and note the reason for placing the deposit on the memorandum of quotes.As added by P.L.19-1987, SEC.11. Amended by P.L.47-1991, SEC.1; P.L.18-1996, SEC.17; P.L.46-1997, SEC.13; P.L.115-2010, SEC.9; P.L.117-2018, SEC.2.
IN Code § 5-13-9-5.3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-5.3. Authorization to Invest in Interest Bearing Deposit Accounts; Conditions; Exemption From Security or Pledging Requirements

Sec. 5.3. (a) For purposes of this section, "deposit account" does not include a deposit account described in IC 5-13-4-7(5).(b) In addition to the authority to invest in certificates of deposit under section 5 of this chapter and in transaction accounts under section 4 of this chapter, and notwithstanding any other law, the board of county commissioners of each county, and the fiscal body of each political subdivision other than a county, may by ordinance or resolution authorize the investing officer of each, respectively, to invest public funds in interest bearing deposit accounts in accordance with the following conditions:(1) The funds are initially invested through a depository that is selected by the investing officer.(2) The selected depository arranges for the deposit of the funds in interest bearing deposit accounts in one (1) or more federally insured banks or savings and loan associations, wherever located, for the account of the county or political subdivision.(3) The full amount of the principal and any accrued interest of each deposit are covered by insurance of any federal deposit insurance agency.(4) The selected depository acts as a custodian for the county or political subdivision with respect to the deposits.(5) On the same date that the county's or political subdivision's funds are deposited, the selected depository receives an amount of deposits covered by insurance of any federal deposit insurance agency from customers of other institutions, wherever located, at least equal to the amount of the funds invested by the county or political subdivision through the selected depository.(c) Public funds invested in accordance with subsection (b) are not subject to any security or pledging requirements that may otherwise be applicable to the deposit or investment of public funds.As added by P.L.115-2010, SEC.10. Amended by P.L.31-2012, SEC.2.
IN Code § 5-13-9-5.6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 13. Investment of Public Funds|Chapter 9. Deposit and Investment Powers|5-13-9-5.6. Final Maturity; Investment Policy

     Revisor's Note: See IC 1-1-3.5-8 concerning the effective date of this section as amended by P.L.119-2012, SEC.1.Sec. 5.6. Except for investments allowed under section 2(f) or 2(g) of this chapter, investments made under this chapter must have a stated final maturity of not more than:(1) five (5) years after the date of purchase or entry into a repurchase agreement for a conservancy district located in a city having a population of more than five thousand (5,000) but less than five thousand one hundred (5,100);(2) five (5) years after the date of purchase or entry into a repurchase agreement for investments made from a host community agreement future fund established by ordinance of a town with a population of more than five thousand (5,000) but less than ten thousand (10,000) located in a county having a population of more than one hundred forty thousand (140,000) but less than one hundred fifty thousand (150,000); or(3) two (2) years after the date of purchase or entry into a repurchase agreement for:(A) a fund not described in subdivision (1) or (2); or(B) a political subdivision that:(i) is not described in subdivision (1) or (2); and(ii) does not have in effect an investment policy and ordinance under section 5.7 of this chapter.As added by P.L.18-1996, SEC.18. Amended by P.L.54-1999, SEC.2; P.L.212-1999, SEC.2; P.L.170-2002, SEC.15; P.L.43-2012, SEC.1.