The Declaration of Trust shall address the particular purposes for which the Expendable Trust is created and shall include the following subject matters, as applicable:
- (1) Establishment of the Expendable Trust;
- (2) Name of Expendable Trust;
- (3) Appointment of Trustee;
- (4) Governance;
- (5) Contributions to the Expendable Trust;
- (6) Exclusive Purposes of the Expendable Trust;
- (7) Payments from the Expendable Trust;
- (8) Administrative Powers;
- (9) Accounting;
- (10) Amendments;
- (11) Governing Law;
- (12) Additional and Successor Trustees;
- (13) Compensation of Trustees; and
- (14) Termination.
The Secretary of Administration or the Comptroller may publish a template for a Declaration of Trust.