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Indiana Code Title 5. State and Local Administration § 5-10.3-5-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. (a) Securities shall be held for the fund by banks or trust companies under a custodial agreement.  Income, interest, proceeds of sale, materials, redemptions, and all other receipts from securities and other investments which the board retains for the cash working balance shall be deposited as authorized by the board.

(b) The board may contract with investment counsel, trust companies, or banks to assist the board in its investment program.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-10.3-5-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-10-3-5-4/

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