EXECUTIVE ORDER: 17-05

FOR: CONTINUING THE OFFICE OF PUBLIC FINANCE

TO ALL WHOM THESE PRESENTS MAY COME, GREETINGS.

WHEREAS, The Office of Public Finance ("Public Finance Office") was created by Executive Order 01-17, dated December 3, 2001, and continued by Executive Order 03-36, effective September 13, 2003, Executive Order 05-04, effective January 10, 2005, and Executive Order 13-12, effective January 14, 2013 (collectively, the "Prior Orders");

WHEREAS, the establishment of the Public Finance Office recognized the importance to the State of formulating and applying policies for the management of bonds, notes, and other evidences of indebtedness issued by bodies corporate and politic and instrumentalities of the State;

WHEREAS, it is in the interest of all Hoosiers that the State communicate regularly, substantively, and in one voice with participants in the financial markets, including credit rating agencies, investment bankers, investors, municipal bond insurers, and other credit enhancers and underwriters; and

WHEREAS, it is in the best interest of the State to continue the work of the Public Finance Office.

NOW, THEREFORE, I, Eric J. Holcomb, by virtue of the authority vested in me as Governor of the State of Indiana, do hereby order that:

1. The Public Finance Office, created or continued under the Prior Orders, shall be continued.

2. The Public Finance Office shall be managed by the Public Finance Director, who shall specialize in public finance, debt issuance, and management and pension investment matters for the State. The Public Finance Director shall report to the Director of the Office of Management and Budget ("OMB"), and shall be appointed by and serve at the pleasure of the Governor.

3. The Public Finance Director and employees of the Public Finance Office shall be employed by (and housed within) the Indiana Finance Authority ("IFA").

4. The Public Finance Director is authorized and directed to establish and manage an annual budget funded through contributions from those issuers of bonds, notes, and other evidences of indebtedness and programs that benefit from the work of the Public Finance Office. The Public Finance Director shall also advise the Director of OMB and the Governor as to debt issuance and management activities and investment matters of all bodies corporate or politic and instrumentalities of the State and programs that benefit the State and its citizens or for-profit and non-profit organizations, including issuers of "conduit debt." Such issuers and programs include, but are not limited to, the Indiana Port Commission, Indiana Recreational Development Commission, Indiana Bond Bank, State Fair Commission, the Board for Depositories, Indiana Health and Educational Facilities Financing Authority, Indiana Housing and Community Development Authority, Indiana Political Subdivision Risk management Commission, Indiana Secondary Market for Education Loans, Inc., the Indiana White River State Park Development Commission, and the Indiana Public Retirement System ("INPRS") and the State Wastewater Revolving Loan Program and State Drinking Water Revolving Loan Program (collectively, the "Issuers" and the "Programs"). To the extent the Public Finance Office provides financial advisory services to an Issuer or a Program, the Public Finance Office may be compensated from proceeds of the sale of bonds, notes or other evidences of indebtedness.

5. The Public Finance Director is authorized to hire, manage and compensate such staff as may be necessary or appropriate with the prior approval of the Director of the Office of Management and Budget.

6. The Public Finance Director shall coordinate, monitor, and oversee the debt issuance and management and investment activities of all the Issuers and Programs, including such additional issuers and programs as the Governor or Director of OMB may designate or direct from time to time.

7. The Public Finance Director is further authorized and directed to:

8. All executive department agencies, authorities, boards, bodies corporate and politic, commissions, instrumentalities, officers, public corporations and Issuers and Programs of the State shall cooperate with and provide assistance and information to the Public Finance Director in the implementation of this Executive Order to the fullest extent permitted by law.

SEAL

ATTEST: Connie Lawson

Secretary of State