Citations Affected: IC 5-13.
Synopsis: Public investment requirements. Conference committee report for ESB 475. Permits
county treasurers, fiscal officers of political subdivisions other than counties, and certain other
local officials authorized by statute or by court order to invest in securities fully guaranteed and
issued by federal agencies or instrumentalities (as opposed to discount notes issued by federal
agencies or instrumentalities). Permits a public officer of the state to invest or reinvest funds in
obligations issued, assumed, or guaranteed as to payment of principal and interest by the State
of Israel. Allows the treasurer of state to contract with investment advisors and money managers.
Repeals the requirement that an officer of a political subdivision or other local government
agency obtain annual approval from the fiscal or governing body before making investments.
(This committee report removes provisions allowing the treasurer of state to invest in
highest rated commercial paper.)
Effective: July 1, 2003.
Your Conference Committee appointed to confer with a like committee from the Senate upon Engrossed House Amendments to Engrossed Senate Bill No. 475 respectfully reports that said two committees have conferred and agreed as follows to wit:
that the Senate recede from its dissent from all House amendments and that
the Senate now concur in all House amendments to the bill and that the bill
be further amended as follows:
Senator Lawson CRepresentative Bottorff
Senator BrodenRepresentative Friend
Senate Conferees House Conferees