IC 21-7-15
Chapter 15. Purdue University: Endowment Fund
IC 21-7-15-1 "Fund"
Sec. 1. As used in this chapter, "fund" refers to the endowment
fund for Purdue University described in section 2 of this chapter. As added by P.L.2-2007, SEC.245.
IC 21-7-15-2 Treasurer of state to hold fund
Sec. 2. The treasurer of state shall take in charge, hold, manage,
and invest, for the use and benefit of the board of trustees of Purdue
University, its endowment fund, derived from acceptance, by the
state of Indiana, of the benefits and provisions of the acts of
Congress, approved July 2, 1862, and April 14, 1864. As added by P.L.2-2007, SEC.245.
IC 21-7-15-3 Controlling statutes for fund
Sec. 3. The fund shall be held, managed, controlled, and invested
in accordance with:
(1) 7 U.S.C. 301 et seq.;
(2) the acts of Congress that are amendatory or supplemental to
7 U.S.C. 301 et seq.; and
(3) this chapter. As added by P.L.2-2007, SEC.245.
IC 21-7-15-4 Fund investment
Sec. 4. The fund or any part of the fund may be invested in
securities bearing the rate of interest that is obtainable as follows:
(1) In bonds, notes, or certificates that are the obligations of, or
guaranteed by, the United States.
(2) In:
(A) bonds of any territory or insular possession of the United
States;
(B) bonds, notes, warrants, certificates, or orders of the state
of Indiana; or
(C) any political subdivision, instrumentality, or agency of
the state of Indiana;
issued under authority of law. As added by P.L.2-2007, SEC.245.
IC 21-7-15-5 Loans from fund
Sec. 5. Notwithstanding any other law to the contrary, the
treasurer of state:
(1) on the terms that the treasurer of state prescribes; and
(2) without the approval of the state board of finance;
may make loans from the principal of the fund to the board of
trustees of Purdue University. As added by P.L.2-2007, SEC.245.
IC 21-7-15
Chapter 15. Purdue University: Endowment Fund
IC 21-7-15-1 "Fund"
Sec. 1. As used in this chapter, "fund" refers to the endowment
fund for Purdue University described in section 2 of this chapter. As added by P.L.2-2007, SEC.245.
IC 21-7-15-2 Treasurer of state to hold fund
Sec. 2. The treasurer of state shall take in charge, hold, manage,
and invest, for the use and benefit of the board of trustees of Purdue
University, its endowment fund, derived from acceptance, by the
state of Indiana, of the benefits and provisions of the acts of
Congress, approved July 2, 1862, and April 14, 1864. As added by P.L.2-2007, SEC.245.
IC 21-7-15-3 Controlling statutes for fund
Sec. 3. The fund shall be held, managed, controlled, and invested
in accordance with:
(1) 7 U.S.C. 301 et seq.;
(2) the acts of Congress that are amendatory or supplemental to
7 U.S.C. 301 et seq.; and
(3) this chapter. As added by P.L.2-2007, SEC.245.
IC 21-7-15-4 Fund investment
Sec. 4. The fund or any part of the fund may be invested in
securities bearing the rate of interest that is obtainable as follows:
(1) In bonds, notes, or certificates that are the obligations of, or
guaranteed by, the United States.
(2) In:
(A) bonds of any territory or insular possession of the United
States;
(B) bonds, notes, warrants, certificates, or orders of the state
of Indiana; or
(C) any political subdivision, instrumentality, or agency of
the state of Indiana;
issued under authority of law. As added by P.L.2-2007, SEC.245.
IC 21-7-15-5 Loans from fund
Sec. 5. Notwithstanding any other law to the contrary, the
treasurer of state:
(1) on the terms that the treasurer of state prescribes; and
(2) without the approval of the state board of finance;
may make loans from the principal of the fund to the board of
trustees of Purdue University. As added by P.L.2-2007, SEC.245.
IC 21-7-15
Chapter 15. Purdue University: Endowment Fund
IC 21-7-15-1 "Fund"
Sec. 1. As used in this chapter, "fund" refers to the endowment
fund for Purdue University described in section 2 of this chapter. As added by P.L.2-2007, SEC.245.
IC 21-7-15-2 Treasurer of state to hold fund
Sec. 2. The treasurer of state shall take in charge, hold, manage,
and invest, for the use and benefit of the board of trustees of Purdue
University, its endowment fund, derived from acceptance, by the
state of Indiana, of the benefits and provisions of the acts of
Congress, approved July 2, 1862, and April 14, 1864. As added by P.L.2-2007, SEC.245.
IC 21-7-15-3 Controlling statutes for fund
Sec. 3. The fund shall be held, managed, controlled, and invested
in accordance with:
(1) 7 U.S.C. 301 et seq.;
(2) the acts of Congress that are amendatory or supplemental to
7 U.S.C. 301 et seq.; and
(3) this chapter. As added by P.L.2-2007, SEC.245.
IC 21-7-15-4 Fund investment
Sec. 4. The fund or any part of the fund may be invested in
securities bearing the rate of interest that is obtainable as follows:
(1) In bonds, notes, or certificates that are the obligations of, or
guaranteed by, the United States.
(2) In:
(A) bonds of any territory or insular possession of the United
States;
(B) bonds, notes, warrants, certificates, or orders of the state
of Indiana; or
(C) any political subdivision, instrumentality, or agency of
the state of Indiana;
issued under authority of law. As added by P.L.2-2007, SEC.245.
IC 21-7-15-5 Loans from fund
Sec. 5. Notwithstanding any other law to the contrary, the
treasurer of state:
(1) on the terms that the treasurer of state prescribes; and
(2) without the approval of the state board of finance;
may make loans from the principal of the fund to the board of
trustees of Purdue University. As added by P.L.2-2007, SEC.245.
