Except for investments allowed under section 2(f) or 2(g) of this chapter, investments made under this chapter must have a stated final maturity of not more than:(1) five (5) years after the date of purchase or entry into a repurchase agreement for a conservancy district located in a city having a population of more than five thousand (5,000) and less than five thousand one hundred thirty (5,130);(2) five (5) years after the date of purchase or entry into a repurchase agreement for investments made from a host community agreement future fund established by ordinance of a town with a population of more than ten thousand (10,000) and less than twenty thousand (20,000) located in a county having a population of more than one hundred seventy-four thousand (174,000) and less than one hundred eighty thousand (180,000); or(3) two (2) years after the date of purchase or entry into a repurchase agreement for:(A) a fund not described in subdivision (1) or (2); or(B) a political subdivision that:(i) is not described in subdivision (1) or (2); and(ii) does not have in effect an investment policy and ordinance under section 5.7 of this chapter.As added by P.L.18-1996, SEC.18. subdivision that:(i) is not described in subdivision (1) or (2); and(ii) does not have in effect an investment policy and ordinance under section 5.7 of this chapter.As added by P.L.18-1996, SEC.18. Amended by P.L.54-1999, SEC.2; P.L.212-1999, SEC.2; P.L.170-2002, SEC.15; P.L.43-2012, SEC.1; P.L.104-2022, SEC.18.
Indiana Legal Code