Section 5-13-9-0.4 - Legalization of certain investment of public funds An investment of public funds (as defined in IC 5-13-4-20, as in effect before February 27, 1996):
(1) made under a repurchase or resale agreement, including a standing repurchase or resale agreement, that was entered into before February 27, 1996; and(2) that: (A) would have been in compliance with section 3 of this chapter, as amended by P.L. 41-1996, if section 3 of this chapter, as amended by P.L. 41-1996, had been in effect at the time the repurchase or resale agreement, including a standing repurchase or resale agreement, was entered into;(B) is no longer in effect on February 27, 1996; or(C) is brought into compliance with section 3 of this chapter, as amended by P.L. 41-1996, not later than May 27, 1996; is legalized and validated.
Added by P.L. 220-2011, SEC. 94, eff. 7/1/2011.