The Indiana Order of Deposit and Investment (JODI) is a state program that allows deposits to be made with a financial institution and invested in obligations of the state of Indiana. This program is overseen by the Indiana State Treasurer, who is charged with the responsibility of investing funds in a safe and prudent manner. JODI offers three types of deposit and investment products: 1. The Public Deposit Program (PDP): This program provides a secure and flexible way for local government entities to invest their funds. PDP deposits are guaranteed up to $250,000 by the state of Indiana. 2. The Indiana Investment Pool (HIP): This program provides a low-cost, diversified investment option for local government entities. A minimum deposit of $1,000 is required to participate in this program. 3. The Indiana Local Government Investment Program (IL GIP): This program is a safe and convenient way for local government entities to invest their funds. The state of Indiana guarantees all deposits up to $500,000. JODI is a great way for local government entities to safely and securely invest their funds. The program provides a variety of options, allowing local government entities to choose the best investment strategy for their needs.
Indiana Order of Deposit and Investment
State:
Indiana
Control #:
IN-USNDC-ODI
Format:
PDF
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Description
Order of Deposit and Investment
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