Sec. 0.4. An investment of public funds (as defined in IC 5-13-4-20 , as in effect before February 27, 1996): (1) made under a repurchase or resale agreement, including a standing repurchase or resale agreement, that was entered into before February 27, 1996; and (2) that: (A) would have been in compliance with section 3 of this chapter, as amended by P.L.41-1996, if section 3 of this chapter, as amended by P.L.41-1996, had been in effect at the time the repurchase or resale agreement, including a standing repurchase or resale agreement, was entered into; (B) is no longer in effect on February 27, 1996; or (C) is brought into compliance with section 3 of this chapter, as amended by P.L.41-1996, not later than May 27, 1996; is legalized and validated.
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