§ 8-14-15.1-1 “Authority”
§ 8-14-15.1-2 “Board”
§ 8-14-15.1-3 “Trust”
§ 8-14-15.1-4 “Trustee”
§ 8-14-15.1-5 Trust established by the Indiana finance authority; charitable trust; proceeds transferred from the next generation trust fund
§ 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
§ 8-14-15.1-6 Trust agreement between the Indiana finance authority and the next level Indiana fund investment board
§ 8-14-15.1-7 Next level Indiana fund investment board established; members; investment policy; meetings; quorum; voting
§ 8-14-15.1-8 Investment policy requirements
§ 8-14-15.1-9 Next level Indiana fund investment board is trustee of the trust
§ 8-14-15.1-10 Trust amendments prohibited
§ 8-14-15.1-11 Treasurer of state to administer and manage trust
§ 8-14-15.1-12 Uniform management of institutional funds act and trust code do not apply
§ 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
§ 8-14-15.1-14 Examination by state board of accounts
§ 8-14-15.1-15 Violations; attorney general petitions
§ 8-14-15.1-16 Report to budget committee
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Terms Used In Indiana Code > Title 8 > Article 14 > Chapter 15.1 - Next Level Indiana Trust Fund

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • authority: refers to the Indiana finance authority. See Indiana Code 8-14-15.1-1
  • board: refers to the next level Indiana fund investment board established by section 7 of this chapter. See Indiana Code 8-14-15.1-2
  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • Quorum: The number of legislators that must be present to do business.
  • trust: refers to the next level Indiana trust fund established under section 5 this chapter. See Indiana Code 8-14-15.1-3
  • Trustee: A person or institution holding and administering property in trust.
  • trustee: refers to the trustee of the trust designated under sections 7 and 9 of this chapter. See Indiana Code 8-14-15.1-4