Ind. Code § 5-1-14-19
This is the official text of Ind. Code § 5-1-14-19, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Publication of contracts between a municipal entity and municipal advisor
Official statutory text
Sec. 19. (a) This section applies to a contract between a municipal entity and a municipal advisor in effect on or after January 1, 2026.
(b) As used in this section, "municipal advisor" means a person who is not an employee of the municipal entity who:
(1) provides advice to or on behalf of a municipal entity or obligated person concerning financial issues, including advice related to:
(A) municipal financial products or the issuance of municipal securities, including with respect to structure, timing, and terms; or
(B) budgeting and long term financial planning; or
(2) undertakes a solicitation of a municipal entity or obligated person.
The term includes financial advisors, guaranteed investment contract brokers, third party marketers, placement agents, solicitors, finders, and swap advisers who engage in municipal advisory activities.
(c) As used in this section, "municipal entity" refers to:
(1) a county;
(2) a township;
(3) a city;
(4) a town;
(5) a school corporation;
(6) a special taxing district;
(7) an instrumentality of an entity listed in subdivisions (1) through (6); and
(8) any other entity required to sell bonds pursuant to IC 5-1-11.
(d) As used in this section, "municipal financial products" means municipal derivatives, guaranteed investment contracts, and investment strategies.
(e) As used in this section, "obligated person" means any person who is committed under a contract or another arrangement to support the payment of all or part of the obligations on municipal securities to be sold in an offering.
(f) As used in this section, "solicitation of a municipal entity or obligated person" has the meaning set forth in 15 U.S.C. 78o-4(e)(9).
(g) If a municipal entity hires or retains a municipal advisor, the municipal entity shall publish a contract entered into with a municipal advisor in a prominent location on the municipal entity's website and upload the contract to the department of local government finance's computer gateway. A municipal entity shall publish a contract described in this subsection:
(1) in the case of a contract:
(A) entered into before January 1, 2026, and still in effect on January 1, 2026; or
(B) entered into after December 31, 2025, and before March 1, 2026;
not later than April 15, 2026; and
(2) in the case of a contract entered into on or after March 1, 2026, not later than thirty (30) days after the contract is executed.
As added by P.L.157-2026, SEC.19.
(b) As used in this section, "municipal advisor" means a person who is not an employee of the municipal entity who:
(1) provides advice to or on behalf of a municipal entity or obligated person concerning financial issues, including advice related to:
(A) municipal financial products or the issuance of municipal securities, including with respect to structure, timing, and terms; or
(B) budgeting and long term financial planning; or
(2) undertakes a solicitation of a municipal entity or obligated person.
The term includes financial advisors, guaranteed investment contract brokers, third party marketers, placement agents, solicitors, finders, and swap advisers who engage in municipal advisory activities.
(c) As used in this section, "municipal entity" refers to:
(1) a county;
(2) a township;
(3) a city;
(4) a town;
(5) a school corporation;
(6) a special taxing district;
(7) an instrumentality of an entity listed in subdivisions (1) through (6); and
(8) any other entity required to sell bonds pursuant to IC 5-1-11.
(d) As used in this section, "municipal financial products" means municipal derivatives, guaranteed investment contracts, and investment strategies.
(e) As used in this section, "obligated person" means any person who is committed under a contract or another arrangement to support the payment of all or part of the obligations on municipal securities to be sold in an offering.
(f) As used in this section, "solicitation of a municipal entity or obligated person" has the meaning set forth in 15 U.S.C. 78o-4(e)(9).
(g) If a municipal entity hires or retains a municipal advisor, the municipal entity shall publish a contract entered into with a municipal advisor in a prominent location on the municipal entity's website and upload the contract to the department of local government finance's computer gateway. A municipal entity shall publish a contract described in this subsection:
(1) in the case of a contract:
(A) entered into before January 1, 2026, and still in effect on January 1, 2026; or
(B) entered into after December 31, 2025, and before March 1, 2026;
not later than April 15, 2026; and
(2) in the case of a contract entered into on or after March 1, 2026, not later than thirty (30) days after the contract is executed.
As added by P.L.157-2026, SEC.19.
Status: in_force · Read it on the official government site
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