Sec. 12. (a) The
commission shall manage and develop the
fund and the
assets of the fund.
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Terms Used In Indiana Code 4-23-2.5-12
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- commission: refers to the Indiana arts commission established by IC 4-23-2. See Indiana Code 4-23-2.5-2
- fund: refers to the Indiana arts commission trust fund established by section 4 of this chapter. See Indiana Code 4-23-2.5-3
(1) Establish a policy for the investment of assets of the fund.
(2) Acquire money for the fund through the solicitation of private or public donations and other revenue producing activities.
(3) Perform other tasks consistent with prudent management and development of the fund.
As added by P.L.29-1997, SEC.1. Amended by P.L.133-2012, SEC.19.
