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Indiana Statutes, Title 8

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Indiana/Statutes

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Title 8, UTILITIES AND TRANSPORTATION

341 chapters · 3,670 sections in this title.

All chapters in Title 83,670 Ch 2, Utility Regulation390 Ch 1, Utility Regulatory Commission257 Ch 3, Judicial Review of Utility Regulator…213 Ch 5, Execution and Filing of Mortgages by…168 Ch 9, Relocation of Utilities in Highway R…133 Ch 7, Surrender of Utility Franchise123 Ch 17, Telephones─Rural Telephone Cooperati…120 Ch 4, Public Utility Securities112 Ch 6, Public Utility Fees91 Ch 8, Condemnation by Utilities84 Ch 22, County Road and Bridge Bonding72 Ch 10, Public Utility Accounting Practices61 Ch 13, Rural Electric Membership Corporatio…61 Ch 15, Water Utilities─Vacation or Relocati…61

17 sections·Filtered byTitle 8✕Ch 15.1✕

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 do not apply
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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 investments distributed to the major moves construction fund at discretion of the trustee

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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) On March 15 in years set forth in the investment policy adopted by the board, the treasur…

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 trust; proceeds transferred from the next generation trust fund

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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 highways, roads, and bridges for the benefit of the people of Indiana…

Ind. Code § 8-14-15.1-5.5 Transfer of title to proceeds in excess of $250,000,000; immunity from civil liability in connection with transfer

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Sec. 5.5. (a) Notwithstanding any law to the contrary, the treasurer of state shall transfer title to any proceeds in excess of two hundred fifty million dollars ($250,000,000) held in the trust fund to the next generation trust fund established under IC 8-14-15.2. (b) The office…

Ind. Code § 8-14-15.1-6 Trust agreement between the Indiana finance authority and the next level Indiana fund investment board

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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 trust agreement entered into under this sectio…

Ind. Code § 8-14-15.1-7 Next level Indiana fund investment board established; members; investment policy; meetings; quorum; voting; reporting requirement

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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. (2) The director of the office of management and budge…

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.