Sec. 4. (a) The Indiana FFA trust fund is established.

lawyer at desk

Ask a traffic law question, get an answer ASAP!
Thousands of highly rated, verified traffic lawyers.
Parking violations, accidents, DUI/DWI, licensing, registration, and more
Protect your vehicle and your rights with expert legal help now
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 9-18.5-16-4

  • 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.
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) The treasurer of state shall invest the money in the Indiana FFA trust fund not currently needed to meet the obligations of the Indiana FFA trust fund in the same manner as other public trust funds are invested. Interest that accrues from these investments shall be deposited in the Indiana FFA trust fund.

     (c) The bureau shall administer the Indiana FFA trust fund. Expenses of administering the Indiana FFA trust fund shall be paid from money in the Indiana FFA trust fund.

     (d) The bureau shall distribute at least one (1) time each month the money from the fund to the FFA Foundation that is located within Indiana.

     (e) Money in the fund at the end of a state fiscal year does not revert to the state general fund.

[Pre-2016 Revision Citation: 9-18-33-4.]

As added by P.L.198-2016, SEC.327. Amended by P.L.118-2022, SEC.9.

  Previous section
Next section  
 Chapter 16 Contents