Indiana Code 21-7-15-4. Fund investment
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Sec. 4. The fund or any part of the fund may be invested in securities bearing the rate of interest that is obtainable as follows:
(2) In:
(1) In bonds, notes, or certificates that are the obligations of, or guaranteed by, the United States.
Terms Used In Indiana Code 21-7-15-4
- fund: refers to the endowment fund for Purdue University described in section 2 of this chapter. See Indiana Code 21-7-15-1
- 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
(A) bonds of any territory or insular possession of the United States;
(B) bonds, notes, warrants, certificates, or orders of the state of Indiana; or
(C) any political subdivision, instrumentality, or agency of the state of Indiana;
issued under authority of law.
[Pre-2007 Higher Education Recodification Citation: 21-7-11-3(a).]
As added by P.L.2-2007, SEC.245.