IC 5-13-9-5.6 — Final maturity; investment policy
Chapter 9. Deposit and Investment Powers
Section text
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) and less than five thousand one hundred thirty (5,130); (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 ten thousand (10,000) and less than twenty thousand (20,000) located in a county having a population of more than one hundred seventy-four thousand (174,000) and less than one hundred eighty thousand (180,000); 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; P.L.104-2022, SEC.18.
Source: official publisher (2026 edition)