Sec. 13. (a) The principal of the trust may not be distributed during the term of the trust.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 8-14-15.1-13

  • 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
  • trust: refers to the next level Indiana trust fund established under section 5 this chapter. See Indiana Code 8-14-15.1-3
     (b) The income that accrues from the investment of the trust shall be deposited in the trust.

     (c) On March 15 in years set forth in the investment policy adopted by the board, the treasurer of state shall transfer all income accruing to the trust to the major moves construction fund.

As added by P.L.217-2017, SEC.69.

  Previous section
Next section  
 Chapter 15.1 Contents