IC 5-13-10
    Chapter 10. Funds Invested by the Treasurer of State

IC 5-13-10-1
Excess funds; deposit in deposit accounts
    Sec. 1. Upon determination by the treasurer of state that cash ofthe state on deposit is in excess of its anticipated daily cashrequirements, the treasurer of state may deposit the excess funds indeposit accounts of designated depositories.
As added by P.L.19-1987, SEC.12.

IC 5-13-10-2
Deposit accounts; interest rate requirement
    Sec. 2. Deposit accounts must bear interest at rates of interest notless than the rates of interest paid from time to time by each financialinstitution to all its depositors making comparable investments.
As added by P.L.19-1987, SEC.12.

IC 5-13-10-3
Deposit accounts; limitations on deposit; depository to file periodicstatement of condition; increase of maximum percentage indepository on finding of excess cash
    Sec. 3. The treasurer of state may not deposit aggregate funds indeposit accounts in any one (1) designated depository in an amountaggregating at any one (1) time more than fifty percent (50%) of thecombined capital, surplus, and undivided profits of that depositoryas determined by its last published statement of condition filed withthe treasurer of state. Each depository shall file with the treasurer ofstate each periodic statement of condition required to be filed by itwith its governmental supervisory body. If the state board fordepositories finds that excess cash of the state is substantially morethan that which had been anticipated, it may increase that maximumpercentage in any depository, and the treasurer of the state mayinvest the additional funds in deposit accounts distributed among thedepositories substantially in proportion to their respective capital,surplus, and undivided profits.
As added by P.L.19-1987, SEC.12.

IC 5-13-10-4
Publication of average daily balance of funds; audit of records
    Sec. 4. Within thirty (30) days following the end of eachsemiannual fiscal period of the state, the treasurer of state shallpublish, in two (2) newspapers of general circulation in Indiana, theaverage daily balance of the funds maintained by the treasurer ineach of the depositories in the fiscal period listing separately fundsin accounts subject to withdrawal on demand or by negotiable ordersof withdrawal and funds evidenced by all other depository accounts.The accuracy of the computation of the balances shall be verified bythe state board of accounts in the audit of the records of the treasurerof state.As added by P.L.19-1987, SEC.12.

IC 5-13-10-5
Interest to be receipted to general fund
    Sec. 5. All interest derived from investments under this chaptershall be receipted to the general fund, except as otherwise providedby law.
As added by P.L.19-1987, SEC.12.

IC 5-13-10-6
Payment of interest accruing on state held school funds to schoolcorporations
    Sec. 6. All interest accrued or accruing on the sinking fund or anyother fund held by the state for the benefit of common schools is setapart for distribution as other revenues are distributed for the supportof the common schools.
As added by P.L.2-2006, SEC.29.