{"data":{"id":"us-in/ic-5-13-5-5","jurisdiction":"us-in","citation":"IC 5-13-5-5","heading":"Transacting business with financial institution or public retirement fund through use of electronic funds transfer; ordinance or resolution","body":"Sec. 5. (a) The fiscal body of any political subdivision may by ordinance or resolution authorize the proper legal officers of the political subdivision to transact the political subdivision's business with a financial institution or a public pension or retirement fund administered by the Indiana public retirement system through the use of electronic funds transfer.\n(b) The ordinance or resolution must:\n(1) specify the types of transactions that may be conducted by electronic funds transfer; and\n(2) require the proper officers to maintain adequate documentation of the transactions so that they may be audited as provided by law.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 13. INVESTMENT OF PUBLIC FUNDS","Chapter 5. General Provisions"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-13-5-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"403097f4bbb0c2559b6c7973501a988fd3c3297d1512690c8fe40ae4c871ad6e","source_id":"us-in","stale":false,"prev":"us-in/ic-5-13-5-4","next":"us-in/ic-5-13-5-6"},"notice":"GroundRules: Original legal text. Not legal advice."}