Board Policies


Adoption Date: Dec 27, 1993
6144 - INVESTMENT INCOME

The Board authorizes the Treasurer or Assistant Treasurer to make investments of available monies from the several funds of the Corporation in:

A. bonds, bills or notes of the United States; obligations, the principal and interest of which are fully guaranteed by the United States; or obligations of the State;

B. certificates of deposit issued by a State or National bank organized and authorized to operate a bank in this State;

C. any other financial instrument authorized by Indiana laws.

Interest derived from an investment shall be deposited in the fund from which the investment was made except as otherwise permitted by law and directed by the Board.

References:
I.C. 5-13-9

I.C. 20-24-2-2
This page was last modified: