Allows counties to invest public funds in depositories outside their territorial limits.

This bill amends Indiana law to allow counties to invest public funds in depositories outside their territorial limits. It specifies that if a county has designated depositories, it can invest in those. If not, the county can invest in depositories designated by the state board of finance. The bill also allows counties to invest in depositories located in any other county in Indiana. Effective July 1, 2026.

Allows counties to invest public funds in depositories outside their territorial limits.

This bill amends Indiana law to allow counties to invest public funds in depositories outside their territorial limits. It specifies that if a county has designated depositories, it can invest in those. If not, the county can invest in depositories designated by the state board of finance. The bill also allows counties to invest in depositories located in any other county in Indiana. Effective July 1, 2026.