A public officer of the state may invest or reinvest funds that are held by the public officer and available for investment in United States dollar denominated obligations issued, assumed, or guaranteed as to the payment of principal and interest by:(1) supranational issuers having the highest investment credit rating by at least two (2) nationally recognized credit rating agencies; or(2) the State of Israel.As added by P.L.18-1996, SEC.23. Amended by P.L.220-2003, SEC.4; P.L.102-2014, SEC.3.
Indiana Legal Code