Title 8, TITLE 8. UTILITIES AND TRANSPORTATION
337 chapters · 3,744 sections in this title.
Ind. Code § 8-14-15.1-1 "Authority"
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Sec. 1. As used in this chapter, "authority" refers to the Indiana finance authority. As added by P.L.217-2017, SEC.69.
Ind. Code § 8-14-15.1-10 Trust amendments prohibited
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Sec. 10. A trust established under this chapter may not be revoked or terminated by the authority, the board, the treasurer of state, or any other person, nor may it be amended or altered by the authority, the board, the treasurer of state, or any other person. However, the terms…
Ind. Code § 8-14-15.1-11 Treasurer of state to administer and manage trust
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Sec. 11. (a) The treasurer of state shall: (1) administer and manage the trust; (2) invest the money in the trust at the direction of the trustee consistent with the investment policies adopted by the board; and (3) deposit in the trust: (A) any accrued interest from the investme…
Ind. Code § 8-14-15.1-12 Uniform management of institutional funds act and trust code
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do not apply Sec. 12. IC 30-2-12 and IC 30-4 do not apply to a trust established under this chapter. As added by P.L.217-2017, SEC.69.
Ind. Code § 8-14-15.1-13 Trust distributions of principal prohibited; income from trust
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investments distributed to the major moves construction fund at discretion of the trustee Sec. 13. (a) The principal of the trust may not be distributed during the term of the trust. (b) The income that accrues from the investment of the trust shall be deposited in the trust. (c)…
Ind. Code § 8-14-15.1-14 Examination by state board of accounts
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Sec. 14. Any records, files, or documents relating to the trust may be examined by the state board of accounts at a time selected by the state board of accounts. The trustee shall upon request of the state board of accounts: (1) produce and submit any records, files, or documents…
Ind. Code § 8-14-15.1-15 Violations; attorney general petitions
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Sec. 15. (a) This section applies to the authority, the board, the treasurer of state, and any other person that does any of the following with respect to the trust established under this chapter: (1) Commits a breach of the trust. (2) Violates the mandate of the trust or the tru…
Ind. Code § 8-14-15.1-16 Report to budget committee
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Sec. 16. The trustee shall report to the budget committee every six (6) months concerning the investment of trust assets, the returns on those investments, and other actions taken by the trustee and the board. As added by P.L.217-2017, SEC.69.
Ind. Code § 8-14-15.1-2 "Board"
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Sec. 2. As used in this chapter, "board" refers to the next level Indiana fund investment board established by section 7 of this chapter. As added by P.L.217-2017, SEC.69.
Ind. Code § 8-14-15.1-3 "Trust"
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Sec. 3. As used in this chapter, "trust" refers to the next level Indiana trust fund established under section 5 this chapter. As added by P.L.217-2017, SEC.69.
Ind. Code § 8-14-15.1-4 "Trustee"
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Sec. 4. As used in this chapter, "trustee" refers to the trustee of the trust designated under sections 7 and 9 of this chapter. As added by P.L.217-2017, SEC.69.
Ind. Code § 8-14-15.1-5 Trust established by the Indiana finance authority; charitable
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trust; proceeds transferred from the next generation trust fund Sec. 5. (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 highw…
Ind. Code § 8-14-15.1-6 Trust agreement between the Indiana finance authority and
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the next level Indiana fund investment board Sec. 6. The chairman of the authority may enter into a trust agreement on behalf of the authority with the board in furtherance of the purposes of this chapter. Any trust agreement must conform with this chapter. Any provision of the t…
Ind. Code § 8-14-15.1-7 Next level Indiana fund investment board established;
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members; investment policy; meetings; quorum; voting Sec. 7. (a) The next level Indiana fund investment board is established. The board consists of the following members: (1) The secretary of commerce or the secretary's designee, who shall serve as the chairperson of the board. (…
Ind. Code § 8-14-15.1-8 Investment policy requirements
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Sec. 8. (a) The board shall adopt an investment policy that includes all the following: (1) Money in the trust may be invested in investments that: (A) maximize risk appropriate returns, which may include the purchase of equity or debt securities; (B) make significant investments…
Ind. Code § 8-14-15.1-9 Next level Indiana fund investment board is trustee of the trust
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Sec. 9. The board established by section 7 of this chapter shall act as trustee of the trust. As added by P.L.217-2017, SEC.69.