IC 4-8.1-2-1 Safekeeping and investment of money and securities
Sec. 1. The treasurer of state is responsible for the safekeeping
and investment of moneys and securities paid into the state treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-2 Receipt, accounting for, and payment of funds
Sec. 2. The treasurer of state shall receive, account for, and pay
over all moneys which are required by law to be paid into the state
treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-3 Delivery of money and securities to successor
Sec. 3. The treasurer of state shall deliver to his successor in
office all moneys and securities and all effects of his office. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-4 Commencement of term; bond of treasurer and deputies
Sec. 4. (a) The individual elected as treasurer of state shall take
office on January 1 following the individual's election.
(b) The treasurer of state and the treasurer's deputy treasurers
shall each give bond in an amount determined by the auditor of state
and the governor. The bond shall be conditioned on the faithful
performance of the duties as treasurer of state and deputy treasurer,
respectively. The bond must be procured from a surety company
authorized by law to transact business in this state. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.115-2008,
SEC.1.
IC 4-8.1-2-5 Use of funds as provided by law; unlawful receipt of gratuities
Sec. 5. (a) The treasurer of state may not use or permit any other
person to use the moneys or property received by him or paid into the
state treasury, except as permitted by law.
(b) The treasurer of state may not receive for his own use any
interest, premium, gratuity, or bonus from the disposition of, or
arising out of, any money or property belonging to the state, to any
county of the state, to any state or county fund, or to any other
political subdivision. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-6 Report of collections due state; acknowledgment of receipt by
treasurer; duties of auditor
Sec. 6. Before moneys may be deposited in the state treasury, the
treasurer of state must receive from the person or agency making the
deposit a report of collections due the state treasury, describing the
source of the moneys and the fund and account to which they are to
be credited. The treasurer of state shall acknowledge receipt of the
moneys deposited in the state treasury and shall send the original of
the report of collections to the auditor of state, who shall, after
preaudit, prepare his accounting forms from the report. The auditor
of state shall give the person or agency depositing the moneys the
appropriate auditor's form. The treasurer of state and the auditor of
state shall reconcile collections daily. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-7 Payment of money upon warrant of auditor; transfer of funds
Sec. 7. (a) Except as otherwise specified in this section, the
treasurer of state may not pay any money out of the state treasury
except upon warrant of the auditor of state based on an approved
claim.
(b) The treasurer of state may transfer money invested or on
deposit in a public depository to any deposit account in the same or
a different public depository. A transfer between deposit accounts
may be made by warrant, check, or electronic funds transfer.
(c) If a political subdivision (as defined in IC 36-1-2-13) elects to
receive distributions from the state or if a state employee elects to
have wages deposited directly in a financial institution under
IC 4-15-5.9-2 by means of an electronic transfer of funds, the
treasurer of state shall have the funds transferred electronically.
(d) Notwithstanding any other law, if:
(1) a vendor or claimant requests that one (1) or more payments
be made by means of an electronic funds transfer; and
(2) the auditor of state and the treasurer of state agree that
payment by electronic funds transfer is advantageous to the
state;
the auditor of state may elect to authorize an electronic funds transfer
method of payment. If authorized by the auditor of state, the treasurer
of state may pay money from the state treasury by electronic funds
transfer.
(e) With regard to electronic funds transfer, a record of each
transfer authorization shall be made by the treasurer of state
immediately following the authorization and shall be made in a form
which conforms to accounting systems approved by the state board
of accounts.
(f) As used in this section, "electronic funds transfer" means any
transfer of funds, other than a transaction originated by check, draft,
or similar paper instrument, that is initiated through an electronic
terminal, telephone, or computer or magnetic tape for the purpose of
ordering, instructing, or authorizing a financial institution to debit or
credit an account. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.13-1984,
SEC.1; P.L.23-1985, SEC.1; P.L.32-1995, SEC.3.
IC 4-8.1-2-8 Limitations on drawing warrants or authorizing electronic funds
transfer; temporary overdraft
Sec. 8. (a) Except as provided in subsection (b), the auditor may
not draw a warrant upon the treasurer of state or authorize an
electronic funds transfer from the state treasury unless there is money
in the state treasury belonging to the fund upon which the warrant is
drawn to pay the warrant and unless the payment would be in
conformity with appropriations made by law or other proper
disbursing authority. The auditor of state shall preserve the approved
claim on which the warrant or electronic funds transfer is based for
the period required by law.
(b) The auditor of state may temporarily overdraft a fund's cash
account if:
(1) as a condition to receiving federal aid, state warrants or
checks must have been issued, cashed, or presented to a bank or
the treasurer of state before the federal money can be drawn and
deposited in the state treasury;
(2) appropriate estimated revenue or federal aid receivable
entries are recorded; and
(3) a timely federal reimbursement has been requested. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.28-1983,
SEC.1; P.L.32-1995, SEC.4.
IC 4-8.1-2-9 Sufficiency of funds for payment of warrant
Sec. 9. When presented a warrant, the treasurer of state shall pay
the warrant if there is sufficient money in the state treasury
belonging to the fund group upon which the warrant is drawn; if
there is insufficient money in the fund group, the treasurer of state
may not pay the warrant. When a warrant is paid, the treasurer of
state shall take a receipt for it on the back of the warrant, cancel the
warrant, and register and preserve the warrant for the period required
by law. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-10 Double entry records; detail
Sec. 10. The treasurer of state shall keep double entry records of
warrants paid, receipts, cash on hand, and investments for which he
is accountable by law in sufficient detail to fulfill the requirements
of the law and the duty of his office to safeguard the state treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-11 Money deposited by public debtors for use of state
Sec. 11. All state moneys deposited by any public debtor in a bank
for the use of the state, except when otherwise directed by law, shall
be deposited to the credit of the treasurer of state and subject to his
order. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-12 Rental of safety deposit boxes or vaults; duties of depositories that
accept securities
Sec. 12. (a) The treasurer of state or his agent may rent safety
deposit boxes or vaults of one (1) or more banks or trust companies
located in the state and keep in them securities in his custody, or give
the securities to a bank, trust company, or other depository to hold as
custodian under IC 5-13.
(b) A bank, trust company, or other depository which accepts
securities as custodian shall:
(1) clip coupons;
(2) surrender matured issues for collection; and
(3) receive the proceeds of all collections and remit them to the
treasurer of state. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.19-1987,
SEC.2.
IC 4-8.1-2-13 Embezzlement or breach of trust
Sec. 13. Any embezzlement or breach of trust on the part of the
treasurer of state shall be immediately reported to the governor by
the person discovering the embezzlement or breach of trust. The
governor and the auditor shall make a careful examination to see if
the embezzlement or breach of trust has occurred, and if it has, cause
the treasurer of state to be arrested. After the arrest of the treasurer
of state the governor shall appoint a deputy treasurer of state, who
shall qualify and give bond as required for the treasurer of state and
who shall be given exclusive control of the state treasury. The deputy
treasurer has the powers and duties of and is subject to the liabilities
of the treasurer of state until the treasurer of state is acquitted or his
successor is elected and qualified. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-14 Annual report on general fund and funds managed by treasurer;
distribution of report
Sec. 14. The treasurer of state shall prepare a report annually
before October 15 that summarizes, for the fiscal year that ended on
the preceding June 30, the following information for the general fund
and all other funds managed by the treasurer of state:
(1) Statutory and administrative investment policies.
(2) Average daily amounts of cash and investments.
(3) Rates of return.
(4) Earnings.
(5) Portfolio composition.
(6) Other information considered relevant by the treasurer of
state.
Before November 1 of each year, the treasurer shall provide a copy
of the report to the governor, the lieutenant governor, and the budget
director. In addition, the treasurer of state shall provide the report in
an electronic format under IC 5-14-6 to the legislative council and
the legislative services agency for the use of the members of the
house of representatives and the senate. As added by P.L.13-1986, SEC.1. Amended by P.L.28-2004, SEC.32.
IC 4-8.1-2-15
Repealed
(Repealed by P.L.176-1999, SEC.133 and P.L.202-1999, SEC.27.)
IC 4-8.1-2-1 Safekeeping and investment of money and securities
Sec. 1. The treasurer of state is responsible for the safekeeping
and investment of moneys and securities paid into the state treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-2 Receipt, accounting for, and payment of funds
Sec. 2. The treasurer of state shall receive, account for, and pay
over all moneys which are required by law to be paid into the state
treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-3 Delivery of money and securities to successor
Sec. 3. The treasurer of state shall deliver to his successor in
office all moneys and securities and all effects of his office. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-4 Commencement of term; bond of treasurer and deputies
Sec. 4. (a) The individual elected as treasurer of state shall take
office on January 1 following the individual's election.
(b) The treasurer of state and the treasurer's deputy treasurers
shall each give bond in an amount determined by the auditor of state
and the governor. The bond shall be conditioned on the faithful
performance of the duties as treasurer of state and deputy treasurer,
respectively. The bond must be procured from a surety company
authorized by law to transact business in this state. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.115-2008,
SEC.1.
IC 4-8.1-2-5 Use of funds as provided by law; unlawful receipt of gratuities
Sec. 5. (a) The treasurer of state may not use or permit any other
person to use the moneys or property received by him or paid into the
state treasury, except as permitted by law.
(b) The treasurer of state may not receive for his own use any
interest, premium, gratuity, or bonus from the disposition of, or
arising out of, any money or property belonging to the state, to any
county of the state, to any state or county fund, or to any other
political subdivision. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-6 Report of collections due state; acknowledgment of receipt by
treasurer; duties of auditor
Sec. 6. Before moneys may be deposited in the state treasury, the
treasurer of state must receive from the person or agency making the
deposit a report of collections due the state treasury, describing the
source of the moneys and the fund and account to which they are to
be credited. The treasurer of state shall acknowledge receipt of the
moneys deposited in the state treasury and shall send the original of
the report of collections to the auditor of state, who shall, after
preaudit, prepare his accounting forms from the report. The auditor
of state shall give the person or agency depositing the moneys the
appropriate auditor's form. The treasurer of state and the auditor of
state shall reconcile collections daily. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-7 Payment of money upon warrant of auditor; transfer of funds
Sec. 7. (a) Except as otherwise specified in this section, the
treasurer of state may not pay any money out of the state treasury
except upon warrant of the auditor of state based on an approved
claim.
(b) The treasurer of state may transfer money invested or on
deposit in a public depository to any deposit account in the same or
a different public depository. A transfer between deposit accounts
may be made by warrant, check, or electronic funds transfer.
(c) If a political subdivision (as defined in IC 36-1-2-13) elects to
receive distributions from the state or if a state employee elects to
have wages deposited directly in a financial institution under
IC 4-15-5.9-2 by means of an electronic transfer of funds, the
treasurer of state shall have the funds transferred electronically.
(d) Notwithstanding any other law, if:
(1) a vendor or claimant requests that one (1) or more payments
be made by means of an electronic funds transfer; and
(2) the auditor of state and the treasurer of state agree that
payment by electronic funds transfer is advantageous to the
state;
the auditor of state may elect to authorize an electronic funds transfer
method of payment. If authorized by the auditor of state, the treasurer
of state may pay money from the state treasury by electronic funds
transfer.
(e) With regard to electronic funds transfer, a record of each
transfer authorization shall be made by the treasurer of state
immediately following the authorization and shall be made in a form
which conforms to accounting systems approved by the state board
of accounts.
(f) As used in this section, "electronic funds transfer" means any
transfer of funds, other than a transaction originated by check, draft,
or similar paper instrument, that is initiated through an electronic
terminal, telephone, or computer or magnetic tape for the purpose of
ordering, instructing, or authorizing a financial institution to debit or
credit an account. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.13-1984,
SEC.1; P.L.23-1985, SEC.1; P.L.32-1995, SEC.3.
IC 4-8.1-2-8 Limitations on drawing warrants or authorizing electronic funds
transfer; temporary overdraft
Sec. 8. (a) Except as provided in subsection (b), the auditor may
not draw a warrant upon the treasurer of state or authorize an
electronic funds transfer from the state treasury unless there is money
in the state treasury belonging to the fund upon which the warrant is
drawn to pay the warrant and unless the payment would be in
conformity with appropriations made by law or other proper
disbursing authority. The auditor of state shall preserve the approved
claim on which the warrant or electronic funds transfer is based for
the period required by law.
(b) The auditor of state may temporarily overdraft a fund's cash
account if:
(1) as a condition to receiving federal aid, state warrants or
checks must have been issued, cashed, or presented to a bank or
the treasurer of state before the federal money can be drawn and
deposited in the state treasury;
(2) appropriate estimated revenue or federal aid receivable
entries are recorded; and
(3) a timely federal reimbursement has been requested. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.28-1983,
SEC.1; P.L.32-1995, SEC.4.
IC 4-8.1-2-9 Sufficiency of funds for payment of warrant
Sec. 9. When presented a warrant, the treasurer of state shall pay
the warrant if there is sufficient money in the state treasury
belonging to the fund group upon which the warrant is drawn; if
there is insufficient money in the fund group, the treasurer of state
may not pay the warrant. When a warrant is paid, the treasurer of
state shall take a receipt for it on the back of the warrant, cancel the
warrant, and register and preserve the warrant for the period required
by law. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-10 Double entry records; detail
Sec. 10. The treasurer of state shall keep double entry records of
warrants paid, receipts, cash on hand, and investments for which he
is accountable by law in sufficient detail to fulfill the requirements
of the law and the duty of his office to safeguard the state treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-11 Money deposited by public debtors for use of state
Sec. 11. All state moneys deposited by any public debtor in a bank
for the use of the state, except when otherwise directed by law, shall
be deposited to the credit of the treasurer of state and subject to his
order. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-12 Rental of safety deposit boxes or vaults; duties of depositories that
accept securities
Sec. 12. (a) The treasurer of state or his agent may rent safety
deposit boxes or vaults of one (1) or more banks or trust companies
located in the state and keep in them securities in his custody, or give
the securities to a bank, trust company, or other depository to hold as
custodian under IC 5-13.
(b) A bank, trust company, or other depository which accepts
securities as custodian shall:
(1) clip coupons;
(2) surrender matured issues for collection; and
(3) receive the proceeds of all collections and remit them to the
treasurer of state. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.19-1987,
SEC.2.
IC 4-8.1-2-13 Embezzlement or breach of trust
Sec. 13. Any embezzlement or breach of trust on the part of the
treasurer of state shall be immediately reported to the governor by
the person discovering the embezzlement or breach of trust. The
governor and the auditor shall make a careful examination to see if
the embezzlement or breach of trust has occurred, and if it has, cause
the treasurer of state to be arrested. After the arrest of the treasurer
of state the governor shall appoint a deputy treasurer of state, who
shall qualify and give bond as required for the treasurer of state and
who shall be given exclusive control of the state treasury. The deputy
treasurer has the powers and duties of and is subject to the liabilities
of the treasurer of state until the treasurer of state is acquitted or his
successor is elected and qualified. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-14 Annual report on general fund and funds managed by treasurer;
distribution of report
Sec. 14. The treasurer of state shall prepare a report annually
before October 15 that summarizes, for the fiscal year that ended on
the preceding June 30, the following information for the general fund
and all other funds managed by the treasurer of state:
(1) Statutory and administrative investment policies.
(2) Average daily amounts of cash and investments.
(3) Rates of return.
(4) Earnings.
(5) Portfolio composition.
(6) Other information considered relevant by the treasurer of
state.
Before November 1 of each year, the treasurer shall provide a copy
of the report to the governor, the lieutenant governor, and the budget
director. In addition, the treasurer of state shall provide the report in
an electronic format under IC 5-14-6 to the legislative council and
the legislative services agency for the use of the members of the
house of representatives and the senate. As added by P.L.13-1986, SEC.1. Amended by P.L.28-2004, SEC.32.
IC 4-8.1-2-15
Repealed
(Repealed by P.L.176-1999, SEC.133 and P.L.202-1999, SEC.27.)
IC 4-8.1-2-1 Safekeeping and investment of money and securities
Sec. 1. The treasurer of state is responsible for the safekeeping
and investment of moneys and securities paid into the state treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-2 Receipt, accounting for, and payment of funds
Sec. 2. The treasurer of state shall receive, account for, and pay
over all moneys which are required by law to be paid into the state
treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-3 Delivery of money and securities to successor
Sec. 3. The treasurer of state shall deliver to his successor in
office all moneys and securities and all effects of his office. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-4 Commencement of term; bond of treasurer and deputies
Sec. 4. (a) The individual elected as treasurer of state shall take
office on January 1 following the individual's election.
(b) The treasurer of state and the treasurer's deputy treasurers
shall each give bond in an amount determined by the auditor of state
and the governor. The bond shall be conditioned on the faithful
performance of the duties as treasurer of state and deputy treasurer,
respectively. The bond must be procured from a surety company
authorized by law to transact business in this state. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.115-2008,
SEC.1.
IC 4-8.1-2-5 Use of funds as provided by law; unlawful receipt of gratuities
Sec. 5. (a) The treasurer of state may not use or permit any other
person to use the moneys or property received by him or paid into the
state treasury, except as permitted by law.
(b) The treasurer of state may not receive for his own use any
interest, premium, gratuity, or bonus from the disposition of, or
arising out of, any money or property belonging to the state, to any
county of the state, to any state or county fund, or to any other
political subdivision. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-6 Report of collections due state; acknowledgment of receipt by
treasurer; duties of auditor
Sec. 6. Before moneys may be deposited in the state treasury, the
treasurer of state must receive from the person or agency making the
deposit a report of collections due the state treasury, describing the
source of the moneys and the fund and account to which they are to
be credited. The treasurer of state shall acknowledge receipt of the
moneys deposited in the state treasury and shall send the original of
the report of collections to the auditor of state, who shall, after
preaudit, prepare his accounting forms from the report. The auditor
of state shall give the person or agency depositing the moneys the
appropriate auditor's form. The treasurer of state and the auditor of
state shall reconcile collections daily. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-7 Payment of money upon warrant of auditor; transfer of funds
Sec. 7. (a) Except as otherwise specified in this section, the
treasurer of state may not pay any money out of the state treasury
except upon warrant of the auditor of state based on an approved
claim.
(b) The treasurer of state may transfer money invested or on
deposit in a public depository to any deposit account in the same or
a different public depository. A transfer between deposit accounts
may be made by warrant, check, or electronic funds transfer.
(c) If a political subdivision (as defined in IC 36-1-2-13) elects to
receive distributions from the state or if a state employee elects to
have wages deposited directly in a financial institution under
IC 4-15-5.9-2 by means of an electronic transfer of funds, the
treasurer of state shall have the funds transferred electronically.
(d) Notwithstanding any other law, if:
(1) a vendor or claimant requests that one (1) or more payments
be made by means of an electronic funds transfer; and
(2) the auditor of state and the treasurer of state agree that
payment by electronic funds transfer is advantageous to the
state;
the auditor of state may elect to authorize an electronic funds transfer
method of payment. If authorized by the auditor of state, the treasurer
of state may pay money from the state treasury by electronic funds
transfer.
(e) With regard to electronic funds transfer, a record of each
transfer authorization shall be made by the treasurer of state
immediately following the authorization and shall be made in a form
which conforms to accounting systems approved by the state board
of accounts.
(f) As used in this section, "electronic funds transfer" means any
transfer of funds, other than a transaction originated by check, draft,
or similar paper instrument, that is initiated through an electronic
terminal, telephone, or computer or magnetic tape for the purpose of
ordering, instructing, or authorizing a financial institution to debit or
credit an account. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.13-1984,
SEC.1; P.L.23-1985, SEC.1; P.L.32-1995, SEC.3.
IC 4-8.1-2-8 Limitations on drawing warrants or authorizing electronic funds
transfer; temporary overdraft
Sec. 8. (a) Except as provided in subsection (b), the auditor may
not draw a warrant upon the treasurer of state or authorize an
electronic funds transfer from the state treasury unless there is money
in the state treasury belonging to the fund upon which the warrant is
drawn to pay the warrant and unless the payment would be in
conformity with appropriations made by law or other proper
disbursing authority. The auditor of state shall preserve the approved
claim on which the warrant or electronic funds transfer is based for
the period required by law.
(b) The auditor of state may temporarily overdraft a fund's cash
account if:
(1) as a condition to receiving federal aid, state warrants or
checks must have been issued, cashed, or presented to a bank or
the treasurer of state before the federal money can be drawn and
deposited in the state treasury;
(2) appropriate estimated revenue or federal aid receivable
entries are recorded; and
(3) a timely federal reimbursement has been requested. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.28-1983,
SEC.1; P.L.32-1995, SEC.4.
IC 4-8.1-2-9 Sufficiency of funds for payment of warrant
Sec. 9. When presented a warrant, the treasurer of state shall pay
the warrant if there is sufficient money in the state treasury
belonging to the fund group upon which the warrant is drawn; if
there is insufficient money in the fund group, the treasurer of state
may not pay the warrant. When a warrant is paid, the treasurer of
state shall take a receipt for it on the back of the warrant, cancel the
warrant, and register and preserve the warrant for the period required
by law. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-10 Double entry records; detail
Sec. 10. The treasurer of state shall keep double entry records of
warrants paid, receipts, cash on hand, and investments for which he
is accountable by law in sufficient detail to fulfill the requirements
of the law and the duty of his office to safeguard the state treasury. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-11 Money deposited by public debtors for use of state
Sec. 11. All state moneys deposited by any public debtor in a bank
for the use of the state, except when otherwise directed by law, shall
be deposited to the credit of the treasurer of state and subject to his
order. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-12 Rental of safety deposit boxes or vaults; duties of depositories that
accept securities
Sec. 12. (a) The treasurer of state or his agent may rent safety
deposit boxes or vaults of one (1) or more banks or trust companies
located in the state and keep in them securities in his custody, or give
the securities to a bank, trust company, or other depository to hold as
custodian under IC 5-13.
(b) A bank, trust company, or other depository which accepts
securities as custodian shall:
(1) clip coupons;
(2) surrender matured issues for collection; and
(3) receive the proceeds of all collections and remit them to the
treasurer of state. As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.19-1987,
SEC.2.
IC 4-8.1-2-13 Embezzlement or breach of trust
Sec. 13. Any embezzlement or breach of trust on the part of the
treasurer of state shall be immediately reported to the governor by
the person discovering the embezzlement or breach of trust. The
governor and the auditor shall make a careful examination to see if
the embezzlement or breach of trust has occurred, and if it has, cause
the treasurer of state to be arrested. After the arrest of the treasurer
of state the governor shall appoint a deputy treasurer of state, who
shall qualify and give bond as required for the treasurer of state and
who shall be given exclusive control of the state treasury. The deputy
treasurer has the powers and duties of and is subject to the liabilities
of the treasurer of state until the treasurer of state is acquitted or his
successor is elected and qualified. As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-2-14 Annual report on general fund and funds managed by treasurer;
distribution of report
Sec. 14. The treasurer of state shall prepare a report annually
before October 15 that summarizes, for the fiscal year that ended on
the preceding June 30, the following information for the general fund
and all other funds managed by the treasurer of state:
(1) Statutory and administrative investment policies.
(2) Average daily amounts of cash and investments.
(3) Rates of return.
(4) Earnings.
(5) Portfolio composition.
(6) Other information considered relevant by the treasurer of
state.
Before November 1 of each year, the treasurer shall provide a copy
of the report to the governor, the lieutenant governor, and the budget
director. In addition, the treasurer of state shall provide the report in
an electronic format under IC 5-14-6 to the legislative council and
the legislative services agency for the use of the members of the
house of representatives and the senate. As added by P.L.13-1986, SEC.1. Amended by P.L.28-2004, SEC.32.
IC 4-8.1-2-15
Repealed
(Repealed by P.L.176-1999, SEC.133 and P.L.202-1999, SEC.27.)