Indiana Code 20-49-3-10. Investments
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Sec. 10. Except as provided in this chapter, the fund shall be invested in:
(2) bonds, notes, debentures, and other securities issued by any federal instrumentality and fully guaranteed by the United States;
(1) bonds, notes, certificates, and other valid obligations of the United States;
Terms Used In Indiana Code 20-49-3-10
- fund: refers to the common school fund in the custody of the treasurer of state. See Indiana Code 20-49-3-3
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(3) bonds, notes, certificates, and other valid obligations of any state of the United States or any county, township, city, town, or other political subdivision in Indiana that are issued under law, the issuers of which, for five (5) years before the date of the investment, have promptly paid the principal and interest on the bonds and other legal obligations in lawful money of the United States; or
(4) bonds, notes, or other securities issued by the Indiana bond bank and described in IC 5-13-10.5-11(3).
[Pre-2006 Recodification Citation: 21-1-3-8 part.]
As added by P.L.2-2006, SEC.172.