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Indiana Code
Title 8
14
Chapter 15.1
IC 8-14-15.1
Next Level Indiana Trust Fund
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1
"Authority"
2
"Board"
3
"Trust"
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"Trustee"
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Trust established by the Indiana finance authority; charitable trust; proceeds transferred from the next generation trust fund
5.5
Transfer of title to proceeds in excess of $250,000,000; immunity from civil liability in connection with transfer
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Trust agreement between the Indiana finance authority and the next level Indiana fund investment board
7
Next level Indiana fund investment board established; members; investment policy; meetings; quorum; voting; reporting requirement
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Investment policy requirements
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Next level Indiana fund investment board is trustee of the trust
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Trust amendments prohibited
11
Treasurer of state to administer and manage trust
12
Uniform management of institutional funds act and trust code do not apply
13
Trust distributions of principal prohibited; income from trust investments distributed to the major moves construction fund at discretion of the trustee
14
Examination by state board of accounts
15
Violations; attorney general petitions
16
Report to budget committee