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IN SB0267

Bill

Official Source

Status

Introduced

1/9/2017

Primary Sponsor

Michael Crider

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Adds IC 5-13-9-5.5 to the Indiana Code to authorize investment officers of state and local governments to invest public funds in brokered certificates of deposit (CDs purchased through brokerage firms or sales representatives other than banks).

  • Permits officers designated under section 1 of Chapter 5-13-9 to deposit, invest, or reinvest any available funds in brokered CDs.

  • Becomes effective July 1, 2017.

Legislative Description

Investment of public money. Provides that investment officers of the state and local governments may invest the funds of the state or local government in brokered certificates of deposit.

Last Action

First reading: referred to Committee on Tax and Fiscal Policy

1/9/2017

Committee Referrals

Tax and Fiscal Policy1/9/2017

Full Bill Text

No bill text available