Title 8, TITLE 8. UTILITIES AND TRANSPORTATION

Sec. 5. As used in this chapter, "director" refers to the director of the office of alternative energy incentives serving under section 9(b) of this chapter. As added by P.L.151-2009, SEC.5.

Sec. 6. As used in this chapter, "fund" refers to the alternative energy incentive fund established by section 10 of this chapter. As added by P.L.151-2009, SEC.5.

Sec. 7. As used in this chapter, "office" refers to the office of alternative energy incentives established by section 9 of this chapter. As added by P.L.151-2009, SEC.5.

Sec. 8. As used in this chapter, "retail energy service" has the meaning set forth in IC 8-1-2.5-3. As added by P.L.151-2009, SEC.5.

Sec. 9. (a) The office of alternative energy incentives is established within the Indiana office of energy development established by IC 4-3-23-3. (b) The: (1) director of the Indiana office of energy development; or (2) designee of the Indiana office of energy development, who m…

Sec. 1. As used in this chapter, "department" refers to the Indiana department of transportation. As added by P.L.205-2013, SEC.135.

Sec. 2. As used in this chapter, "fund" refers to the major moves 2020 trust fund established by section 3 of this chapter. As added by P.L.205-2013, SEC.135.

fund Sec. 3. (a) The major moves 2020 trust fund is established, to be used exclusively for major highway expansion projects that enhance the ability of goods to be transported in and through Indiana. (b) The fund shall be administered by the department. (c) Notwithstanding IC 5-…

Sec. 4. (a) Notwithstanding section 3(e) of this chapter, the budget agency may, before July 1, 2014, transfer not more than two hundred million dollars ($200,000,000) from the fund to the major moves construction fund established by IC 8-14-14-5. Money transferred under this sec…

fund Sec. 5. (a) After review by the budget committee, the budget agency may, after June 30, 2015, and before July 1, 2016, direct the auditor of state to transfer not more than one hundred million dollars ($100,000,000) to the fund from the state general fund. If the budget agen…

Sec. 1. (a) The toll road lease amendment proceeds fund is established. (b) The fund consists of the following: (1) Distributions to the fund from the major moves construction fund under IC 8-14-14-7(c). (2) Appropriations to the fund. (3) Gifts, grants, loans, bond proceeds, and…

Sec. 0.5. As used in this chapter, "department" refers to the Indiana department of transportation. As added by P.L.108-2019, SEC.155.

Sec. 1. As used in this chapter, "fund" refers to the next level connections fund established under this chapter. As added by P.L.108-2019, SEC.155.

Sec. 2. (a) The next level connections fund is established to do the following: (1) Provide matching grants to local units of government and nonprofit organizations for trails. However, the funding for trails may not exceed ninety million dollars ($90,000,000). (2) Incentivize an…

carrying out the purposes of the fund Sec. 3. The department may collaborate with other state agencies, including transferring funds to other agencies, with the approval of the budget director, in carrying out section 2 of this chapter. As added by P.L.108-2019, SEC.155.

Sec. 4. The budget agency and the department shall report to the budget committee before October 1 of each year, beginning in 2019, on any projects identified or expenditures that have been made under this chapter during the immediately preceding state fiscal year. The report mus…

uses Sec. 5. (a) As used in this section, "authority" refers to the Indiana finance authority established under IC 5-1.2-3. (b) The northern Indiana commuter rail account is established within the next level connections fund. The budget agency shall transfer one hundred eighty-fi…

Sec. 6. (a) This chapter expires June 30, 2024. (b) The department may not award additional grants under section 2 of this chapter after June 30, 2024. The department may distribute grants after June 30, 2024, that have been awarded before June 30, 2024. As added by P.L.108-2019,…

Sec. 1. As used in this chapter, "authority" refers to the Indiana finance authority. As added by P.L.217-2017, SEC.69.

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…

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…

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.

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)…

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…

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…

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.

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.

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.

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.

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…

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…

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. (…

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…

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.

Sec. 1. As used in this chapter, "authority" refers to the Indiana finance authority. As added by P.L.189-2018, SEC.79.

payments; transfer of money if insufficient grant proceeds are received from the federal government; report by the state budget director Sec. 10. (a) The principal of the trust may be used to make and secure lease rental payments that: (1) are payable from grant proceeds from the…

transfer of trust income to major moves construction fund Sec. 12. (a) Except as otherwise required by section 10 of this chapter, the principal of the trust may not be diminished during the term of the trust. (b) The income that accrues from investment of the trust shall be depo…

for accounting Sec. 13. The report required under IC 30-4-5-12 is a public record. The attorney general may petition for an accounting as permitted by IC 30-4-5-12. As added by P.L.189-2018, SEC.79.

violation of trust mandate, or violation of duty Sec. 14. (a) This section applies if a person does any of the following with respect to a trust created under this chapter: (1) Commits a breach of the trust. (2) Violates the mandate of the trust or trust agreement. (3) Violates a…

board of accounts Sec. 15. 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, f…

Sec. 2. As used in this chapter, "principal of the trust" means an amount equal to two hundred fifty million dollars ($250,000,000). As added by P.L.189-2018, SEC.79.

Sec. 3. As used in this chapter, "trust" refers to the next generation trust fund established under this chapter. As added by P.L.189-2018, SEC.79.

Sec. 4. As used in this chapter, "trustee" refers to the trustee of the trust designated under section 8 of this chapter. As added by P.L.189-2018, SEC.79.

Sec. 5. (a) The authority shall establish a next generation trust fund to hold title to proceeds transferred to the trust fund under IC 8-14-15.1-5.5 or section 10 of this chapter, to be used exclusively for the provision of highways, roads, and bridges for the benefit of the peo…

Sec. 6. The chairperson of the authority shall enter into a trust agreement on behalf of the authority with the treasurer of state in conformity with IC 30-4-2-1. Any provision of the trust agreement entered into under this section that is inconsistent with the provisions or inte…

Sec. 7. A trust established under this chapter must be an irrevocable trust and may not be revoked or terminated by the authority or any other person, nor may it be amended or altered by the authority or any other person. However, the terms of the trust must provide that the trus…

Sec. 8. The treasurer of state shall act as the trustee of the trust. As added by P.L.189-2018, SEC.79.

Sec. 9. (a) The trustee shall: (1) administer and manage the trust; (2) invest the money in the trust; and (3) deposit in the trust any interest that accrues from the investment of these funds. (b) Notwithstanding IC 5-13, the trustee shall invest the money in the trust not curre…

Sec. 1. The following definitions apply throughout this chapter: (1) "Bridge" means the White County bridge over the Wabash River that connects White County, Illinois, and Posey County, Indiana. The term includes all approaches and rights of way necessary or desirable for the ope…

Sec. 10. (a) All bonds or notes issued under this chapter are issued by the bridge authority as a body corporate and politic of the state, but not as a state agency, and for an essential public and governmental purpose. The bonds and notes, the interest on the bonds and notes, th…