“I am extremely pleased to announce that TrustINdiana is open for business,” stated Treasurer Mourdock. “Having formerly been a County Commissioner, I understand the necessity of having the broadest range of investment options possible for local government.”

TrustINdiana was passed by the Indiana General Assembly in 2007, and the State Treasurer is responsible for administering and managing the investment pool. By law, TrustINdiana may accept money from cities, towns, counties, school corporations, and other taxing districts, as well as funds from the State.

TrustINdiana will begin accepting funds from local government entities on Monday, February 4, 2008.

TrustINdiana provides an opportunity for local government entities to invest in a common pool of assets that preserves the principal of the funds, remains highly liquid, and maximizes return on the investment.

TrustINdiana is by law limited to the same types of investments as the State’s general fund, primarily securities guaranteed by the United States government, financial products offered by Indiana banks, and AAA rated commercial paper. Local government entities do not have as many investment options as available in the pool. TrustINdiana has no minimum investment amounts, no transaction fees, and participants will have immediate access to their funds at all times.

”I am confident that as local governments learn of the benefits of TrustINdiana the number of participants in the program will rapidly grow,” explained Treasurer Mourdock. “It is a positive for local government entities in Indiana and Hoosier taxpayers as well.”

For more information, please Kelly Mitchell, TrustINdiana Director, at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or toll free at 888-860-6242.