IC 8-14-15.1-13: Trust distributions of principal prohibited; income from trust investments distributed to the major moves construction fund at discretion of the trustee
Where this section sits in the code
- TITLE 8. UTILITIES AND TRANSPORTATION
- ARTICLE 14. HIGHWAY FINANCES
- Chapter 15.1. Next Level Indiana Trust Fund
Sec. 13. (a) The principal of the trust may not be distributed during the term of the trust.
(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.
Collected 2026-10-04T20:08:46Z. Source file · JSON