IC 5-13-9-0.4 — Legalization of certain investment of public funds
Chapter 9. Deposit and Investment Powers
Section text
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time the repurchase or resale agreement, including a standing repurchase or resale agreement, was entered into; (B) is no longer in effect on February 27, 1996; or (C) is brought into compliance with section 3 of this chapter, as amended by P.L.41-1996, not later than May 27, 1996; is legalized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.
Source: official publisher (2026 edition)