Indiana Code 30-2-16-3. “Payroll savings plan administrator”
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Sec. 3. As used in this chapter, “payroll savings plan administrator” means an organization that:
(2) operates payroll savings plans on behalf of employers for the purchase of United States savings bonds.
(1) has been qualified by the Federal Reserve Bank or the Bureau of the Public Debt under 31 C.F.R. part 317 to sell United States savings bonds; and
Terms Used In Indiana Code 30-2-16-3
- Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
- 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
As added by P.L.141-2005, SEC.27.