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IC 8-14-15.2 – Next Generation Trust Fund | Midpage
Collections
Indiana Code
Title 8
14
Chapter 15.2
IC 8-14-15.2
Next Generation Trust Fund
1
"Authority"
2
"Principal of the trust"
3
"Trust"
4
"Trustee"
5
Establishment of next generation trust; uses of the trust
6
Trust agreement
7
Trust established as an irrevocable trust; termination of trust
8
Treasurer of state as trustee of the trust
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Duties of the trustee; investment of money in the trust
10
Use of principal to make and secure certain lease rental payments; transfer of money if insufficient grant proceeds are received from the federal government; report by the state budget director
11
Trust code applicable to the trust
12
Diminishment of trust principal; deposit of trust income; transfer of trust income to major moves construction fund
13
Trust report is a public record; attorney general may petition for accounting
14
Petition by attorney general for remedies if breach of trust, violation of trust mandate, or violation of duty
15
Examination of records, files, and documents by the state board of accounts