1. (a) The commission shall manage and develop the fund and the assets of the fund.

2. (b) The commission shall do the following:

   1. (1) Carry out the duties of the commission set forth in IC 10-17-1 .
   2. (2) Establish written guidelines that specify the criteria for determining priority of applications for the purpose of providing financial assistance to applicants as described under IC 10-17-12-8 (c).
   3. (3) Establish a policy to determine annually the maximum total dollar amount that may be expended for each state fiscal year from the military family relief fund established by IC 10-17-12-8 .

   4. (4) Establish a policy for the investment of the assets of the fund. In establishing a policy under this subdivision, the commission shall:

      1. (A) establish adequate long term financial goals for the fund; and
      2. (B) provide adequate funding for the military family relief fund established by IC 10-17-12-8 .
   5. (5) Acquire money for the fund through the solicitation of private or public donations and other revenue producing activities.
   6. (6) Perform other tasks consistent with prudent management and development of the fund.

As added by P.L.144-2007, SEC.16. Amended by P.L.50-2009, SEC.9; P.L.113-2010, SEC.88; P.L.7-2014, SEC.2; P.L.94-2026, SEC.58.