Interest or Accretion

  1. Law
  2. Indiana Code
  3. State and Local Administration
  4. Investment of Public Funds
  5. Investment Cash Management System
  6. Interest or Accretion

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Sec. 5. The depository shall credit any interest or other accretion from an investment to the investment account of the political subdivision. The interest or accretion becomes a part of the principal in that account.

As added by P.L.19-1987, SEC.13.


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