Sec. 10. (a) The commission shall manage and develop the fund and the assets of the fund.

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Terms Used In Indiana Code 10-17-13-10

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • commission: refers to the Indiana veterans' affairs commission established by section 4 of this chapter. See Indiana Code 10-17-13-1.5
  • 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.
  • fund: refers to the veterans' affairs trust fund established by section 3 of this chapter. See Indiana Code 10-17-13-2
     (b) The commission shall do the following:

(1) Carry out the duties of the commission set forth in IC 10-17-1.

(2) Establish written guidelines that specify the criteria for determining priority of applications for the purpose of providing financial assistance to qualified service members or dependents of qualified service members as described under IC 10-17-12-8(c).

(3) Establish a policy to determine annually the maximum total dollar amount that may be expended for each state fiscal year from the military family relief fund established by IC 10-17-12-8.

(4) Establish a policy for the investment of the assets of the fund. In establishing a policy under this subdivision, the commission shall:

(A) establish adequate long term financial goals for the fund; and

(B) provide adequate funding for the military family relief fund established by IC 10-17-12-8.

(5) Acquire money for the fund through the solicitation of private or public donations and other revenue producing activities.

(6) Perform other tasks consistent with prudent management and development of the fund.

As added by P.L.144-2007, SEC.16. Amended by P.L.50-2009, SEC.9; P.L.113-2010, SEC.88; P.L.7-2014, SEC.2.

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