Indiana Code 14-31-2-15. Instructions for trustee
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Sec. 15. The division shall prepare, on a quarterly basis, instructions for the trustee of trust I and trust II regarding distribution of income. In preparing these instructions, the division shall consider the following:
(2) The amount of campaign acquisition acreage for which each entity has primary management responsibility.
(1) What entities have primary management responsibility for sites acquired as part of the campaign.
Terms Used In Indiana Code 14-31-2-15
- campaign: refers to the Indiana natural heritage protection campaign established by this chapter. See Indiana Code 14-31-2-3
- division: refers to the division of nature preserves. See Indiana Code 14-31-2-4
- trust I: refers to the Indiana natural heritage stewardship trust I authorized by this chapter. See Indiana Code 14-31-2-7
- trust II: refers to the Indiana natural heritage stewardship trust II authorized by this chapter. See Indiana Code 14-31-2-8
- Trustee: A person or institution holding and administering property in trust.
(3) Special management needs of particular campaign sites.
(4) Any special agreement between the department and a primary management entity in which the entity waives the right to be considered for a share of the income from trust I and trust II.
[Pre-1995 Recodification Citation: 14-4-5.1-8.]
As added by P.L.1-1995, SEC.24.