(A) (1) To the extent not previously established or confirmed, the Treasurer shall be deemed the Investing Officer for the county government.
(2) The Treasurer, as the Investing Officer, is herewith granted full deposit and investment authority, and decision-making capability with regard to county funds, consistent with the provisions of I.C. 5-13-9-1 et seq., to include specifically the provisions of I.C. 5-13-9-5, and the provisions of I.C. 5-13-9-5.3 as added by P.L. 115-2010 and amended by P.L. 31-2012, and the provisions of I.C. 5-13-9-5.7 as added by P.L. 43-2012 and amended by P.L. 13-2013.
(3) The Treasurer is herewith authorized and empowered, for deposit, investment and cash flow purposes, to pool and combine into one, or such other number of accounts or investments, as the treasurer, in the Treasurer's discretion, shall deem appropriate, such County funds as the Treasurer, in the Treasurer's discretion, shall deem necessary and appropriate, all consistent with the provisions of I.C. 5-13-4-1 et seq. through and including I.C. 5-13-14-1 et seq. (collectively the Indiana Public Investment Statutes).
(4) Nothing contained within this division (A) shall serve to alter, cancel or diminish any investment cash management system heretofore established for county government, or any offices, divisions or boards thereof, by the Board of Finance per I.C. 5-13-11-1 et seq.
(5) All deposits and investments heretofore made of county government funds, and all prior pooling of the various county funds for deposit, investment and cash flow purposes, heretofore undertaken by the Treasurer, consistent with the provisions of the Indiana Public Investment Statutes or prior resolutions, are herewith, in all respects, ratified and confirmed.
(6) Each Financial Institution, under the definition of I.C. 5-13-4-1, that:
(a) Is a depository for the State of Indiana under the Indiana Public Investment statutes;
(b) Meets the criteria of I.C. 5-13-8-1 relative to the deposit of public funds therein based upon its eligibility to receive state funds; and
(c) Fulfills the location requirements within the boundaries of Elkhart County, Indiana consistent with I.C. 5-13-8-9 shall be considered a designated depository by the Commissioners and Board of Finance for all purposes under the Indiana Public Investment Statutes and this division (A).
(7) (a) Unless terminated earlier by action of the Commissioners of the Board of Finance, this division (B) shall continue in full force and effect until January 29, 2028 as and to the authorization to invest in certificates of deposit under I.C. 5-13-9-5 and/or I.C. 5-13-9-5.3. As and to a termination that would otherwise occur relative to certificates of deposit under I.C. 5-13-9-5 and/or I.C. 5-13-9-5.3 as of January 29, 2025, the provisions of this division (A) may be extended, for an additional period of time, not to exceed one years (with subsequent one year extensions also thereafter permitted), by action of the Commissioners and Board of Finance at the annual meeting of the Board of Finance contemplated in January or February of 2025, and each year thereafter.
(b) Unless terminated earlier by action of the Commissioners of the Board of Finance, this division (A) shall continue in full force and effect until January 29, 2028 as and to the authorization to make investments having a stated maturity that is more than two years, but not more than five years after the date of purchase or entry into a repurchase agreement under I.C. 5-13-9-5.7. As and to a termination that would otherwise occur relative to investments having a stated maturity that is more than two years but not more than five years after the date of purchase or entry into a repurchase agreement under I.C. 5-13-9-5.7 as of January 29, 2028, the provisions of this division (A) may be extended, for an additional period of time, not to exceed four years (with subsequent extensions also thereafter permitted), by action of the Commissioners and Board of Finance at the annual meeting of the Board of Finance contemplated in January or February of 2028, and each four years thereafter.
(c) All other standards or provisions of this division (A) shall continue in force and effect, without specific termination date, until terminated by action of the Commissioners and/or Board of Finance.
(Prior Code, § 5-13-9-1) (Res. passed 1-7-1985, 85 COM REC 725; Ord. 89-350, passed 4-3-1989, 89 COM REC 349-351; Res. 2011-32, passed 1-24-2011; Res. 2012-61, passed 2-13-2012; Res. 2016-114, passed 2-1-2016; Res. CO-2020-04, passed 1-27-2020; Res. CO-2024-03, passed 1-29-2024)