CHAPTER 14. MISCELLANEOUS PROVISIONS - Indiana Statutes

IC 5-13-14
     Chapter 14. Miscellaneous Provisions

IC 5-13-14-1
Loan for proper conduct of business of state or political subdivision; limitation; pledge of deposits in closed depository
     Sec. 1. (a) If the state or any political subdivision has public funds on deposit in a closed depository, the state or political subdivision may borrow an amount of money necessary for the proper conduct of the business of the state or political subdivision.
    (b) The amount of money borrowed under subsection (a) may not exceed the amount of money the state or political subdivision has on deposit and unpledged in the closed depository at the time the loan is made.
    (c) For the purpose of securing the payment of a loan made under this section, the state or any political subdivision, through the treasurer of state, county treasurer, or fiscal officer of any political subdivision other than a county, may pledge any or all of the deposits in the closed depository.
As added by P.L.19-1987, SEC.16.

IC 5-13-14-2
No liability for public officer for loss of funds in closed depository
     Sec. 2. A public officer is not liable for loss of public funds in any closed depository if the funds have been deposited in the manner required by this article.
As added by P.L.19-1987, SEC.16.

IC 5-13-14-3
Liability of public officer for failure to deposit, etc.; Class B felony; liability on bond
     Sec. 3. A public officer who knowingly fails to deposit public funds, or knowingly deposits or draws any check or negotiable order of withdrawal against the funds except in the manner prescribed in this article, commits a Class B felony. The public officer also is liable upon the officer's official bond for any loss or damage that may accrue.
As added by P.L.19-1987, SEC.16.

IC 5-13-14-4
Failure to perform duty; Class B misdemeanor
     Sec. 4. A public officer who knowingly fails to perform any duty imposed upon the officer by this article, other than a duty for which a penalty is imposed by section 3 of this chapter, commits a Class B misdemeanor.
As added by P.L.19-1987, SEC.16.