Sub section navigation links
- None available.
Senate Bill 332
Enrolled Senate Bill (S)
Authored by
Co-Authored by
Sponsored by
DIGEST
State and local investments. Provides that investments in municipal securities must have a stated final maturity of five years or less. Permits the treasurer of state to invest with supranational issuers. (Current law limits the investment to the International Bank for Reconstruction and Redevelopment and the African Development Bank.) Provides that a public depository may invest funds in the same investments and for the same terms as the treasurer of state may invest funds of the state. Amends the Indiana Code provision that allows the treasurer of state to lend certain securities if the agreement under which the securities are
State and local investments. Provides that investments in municipal securities must have a stated final maturity of five years or less. Permits the treasurer of state to invest with supranational issuers. (Current law limits the investment to the International Bank for Reconstruction and Redevelopment and the African Development Bank.) Provides that a public depository may invest funds in the same investments and for the same terms as the treasurer of state may invest funds of the state. Amends the Indiana Code provision that allows the treasurer of state to lend certain securities if the agreement under which the securities are
lent is collateralized to provide that: (1) cash; or (2) non-cash collateral if the state is indemnified by the custodian holding the non-cash collateral; are acceptable forms of collateral. (Current law provides that: (1) cash; or (2) certain interest bearing obligations of the federal government; are acceptable forms of collateral.)
... View more
5
Actions for Senate Bill 332
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The document is not available in the context of this page. It might be accessible at the following URL: URL
Internet Explorer Support
Some features of the document viewer are not currently functional in Internet Explorer. You may experience difficulty with text selection and copy/paste.
To resolve this issue, you can download this document by selecting Download PDF from the More menu. We are currently working on a resolution to these issues.