Indiana Code Title 36. Local Government § 36-7-23-45

Sec. 45. All money of the authority, except as provided in this chapter, shall be deposited as soon as practicable in a separate account or accounts in one (1) or more financial institutions.  The money in these accounts shall be paid on checks signed by the chair or other officers or employees of the authority or by wire transfer or other electronic means that the board authorizes.  All deposits of money shall, if required by the board, be secured in a manner that the board determines to be prudent.