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Indiana Code
Title 8
14
Chapter 15.2
IC 8-14-15.2
Next Generation Trust Fund
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1
"Authority"
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"Principal of the trust"
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"Trust"
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"Trustee"
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Establishment of next generation trust; uses of the trust
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Trust agreement
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Trust established as an irrevocable trust; termination of trust
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Treasurer of state as trustee of the trust
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Duties of the trustee; investment of money in the trust
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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
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Trust code applicable to the trust
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Diminishment of trust principal; deposit of trust income; transfer of trust income to major moves construction fund
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Trust report is a public record; attorney general may petition for accounting
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Petition by attorney general for remedies if breach of trust, violation of trust mandate, or violation of duty
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Examination of records, files, and documents by the state board of accounts