Public depositories.
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- House
- Sponsors
- +3
- Latest action
- Apr 10, 2025
Where it stands
Introduced (Done)
Committee (Done)
Floor (Current step)
Law (Needs attention)
What it does
Amends as follows the Indiana Code section authorizing a political subdivision to invest public funds in certificates of deposit of depositories that have not been designated as a depository by the local board of finance but have been designated by the state board of finance as a depository for state deposits: (1) Provides that an investment that is made under the section after June 30, 2018, in a certificate of deposit of a depository that is located outside the territorial limits of the investing political subdivision is considered lawfully invested and insured by the public deposits insurance fund notwithstanding the current statutory requirement that all public funds of all political…
What moved
Who is involved
- Kyle PierceLead sponsor
- Scott BaldwinLead sponsor
- Travis HoldmanLead sponsor
- Alaina ShonkwilerSponsor
- Ethan LawsonSponsor
- Jake TeshkaSponsor
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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