Section 5-13-9-5.6 - Final maturity; investment policy Except for investments allowed under section 2(f) or 2(g) of this chapter, investments made under this chapter must have a stated final maturity of not more than:
(1) five (5) years after the date of purchase or entry into a repurchase agreement for a conservancy district located in a city having a population of more than five thousand (5,000) and less than five thousand one hundred thirty (5,130);(2) five (5) years after the date of purchase or entry into a repurchase agreement for investments made from a host community agreement future fund established by ordinance of a town with a population of more than ten thousand (10,000) and less than twenty thousand (20,000) located in a county having a population of more than one hundred seventy-four thousand (174,000) and less than one hundred eighty thousand (180,000); or(3) two (2) years after the date of purchase or entry into a repurchase agreement for: (A) a fund not described in subdivision (1) or (2); or(B) a political subdivision that:(i) is not described in subdivision (1) or (2); and(ii) does not have in effect an investment policy and ordinance under section 5.7 of this chapter.Amended by P.L. 104-2022,SEC. 18, eff. 4/1/2022.Amended by P.L. 43-2012, SEC. 1, eff. 7/1/2012.As added by P.L. 18-1996, SEC.18. Amended by P.L. 54-1999, SEC.2; P.L. 212-1999, SEC.2; P.L. 170-2002, SEC.15.