IC 8-15
    ARTICLE 15. TOLL ROADS

IC 8-15-1
    Chapter 1. Authorization to Purchase Toll Road Bonds

IC 8-15-1-1
Eligibility of bonds
    Sec. 1. Every financial institution, insurance company and trustfund, in addition to the investments now authorized by law, isauthorized to invest any of its funds of any kind or character in anytoll road revenue bonds of the state issued by the Indiana departmentof transportation pursuant to IC 8-15-2, and such bonds are herebydeclared eligible for deposit by any financial institution, insurancecompany, or trust fund under any law of this state providing for thedeposit of securities or funds.
(Formerly: Acts 1953, c.131, s.1.) As amended by Acts 1980, P.L.74,SEC.221; P.L.18-1990, SEC.127.

IC 8-15-1-2
Definitions
    Sec. 2. "Financial institutions" as used herein means and includesany bank or trust company, credit union, bank of discount anddeposit, savings bank, loan and trust and safe deposit company, trustcompany, savings association, mortgage guaranty company, andsmall loan company organized under any law of the state of Indiana.
    "Insurance company" as used herein means and includes anystock, mutual, reciprocal, assessment or fraternal benefit company orsociety writing any life, fire, livestock, casualty, health, hospital,accident or bonding insurance or reinsurance, which company orsociety is organized under the laws of the state of Indiana.
    "Trust fund" as used herein shall be limited to private trust funds.
(Formerly: Acts 1953, c.131, s.2.) As amended by P.L.42-1993,SEC.8; P.L.79-1998, SEC.15.

IC 8-15-1-3
Construction of act
    Sec. 3. This chapter shall be liberally construed to effectuate thepurpose of permitting investment in any such toll road bonds of thisstate and shall be construed as giving additional power and authorityto every financial institution, insurance company, and trust fund tomake such investments and for such investments to be eligible fordeposit under law of this state, restrictions in statutes to the contrarynotwithstanding; provided, however, that nothing contained in thischapter shall be construed to change any limitations as to amountswhich may be invested in obligations of any one obligor as may beimposed by laws regulating the investments of various financialinstitutions, insurance companies, and trust funds.
(Formerly: Acts 1953, c.131, s.3.) As amended by P.L.66-1984,SEC.56.