# Ind. Code § 5-1.5-5-3: Valuation of investments

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-3

## Section

- **Citation:** Ind. Code § 5-1.5-5-3
- **Heading:** Valuation of investments
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 5 / Article 1.5 / Chapter 5 / Section 5-1.5-5-3

## Text

Sec. 3. For purposes of valuation, investments in the reserve fund shall be valued at par, or if purchased at less than par, at cost unless otherwise provided by resolution or trust agreement of the bank. Valuation on a particular date shall include the amount of interest then earned or accrued to that date on the money or investments in the reserve fund.

As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.20.

## Nearby sections

- [Ind. Code § 5-1.5-5-1 Establishment; application of funds; required debt service reserve; excess money](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-1.md)
- [Ind. Code § 5-1.5-5-2 Investment of funds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-2.md)
- [Ind. Code § 5-1.5-5-3 Valuation of investments](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-3.md)
- [Ind. Code § 5-1.5-5-4 Required debt service reserve; resolution concerning appropriations; excess funds; budget committee review; default](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-4.md)
- [Ind. Code § 5-1.5-5-5 Combining reserve funds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-5.md)
- [Ind. Code § 5-1.5-5-6 Certain qualified entities; debt service reserve appropriations not available](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-6.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-3. Check the current official text before relying on it. Not legal advice.