- (a) The authority has established the next level Indiana trust fund to hold title to proceeds transferred to the trust under IC 8-14-15-5 (before its repeal), to be used exclusively for the provision of highways, roads, and bridges for the benefit of the people of Indiana and the users of those facilities.
- (b) The trust as established is a charitable trust, separate from the state, but for the benevolent public purpose provided in this section.
- (c) The trust consists of the proceeds transferred to the trust under IC 8-14-15-5 (before its repeal), and any income that accrues from the investment of these proceeds.
As added by P.L.217-2017, SEC.69. Amended by P.L.189-2018, SEC.76.