Sec. 3. (a) All producer premiums submitted to the board by a grain buyer under section 6(b) of this chapter shall be held by the corporation in trust in the fund for carrying out the purposes of this article. The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest earned from these investments shall be credited to the fund.
(b) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.250-1995, SEC.1.
Structure Indiana Code
Article 4. Grain Indemnity Program
Chapter 4. Indiana Grain Indemnity Fund
26-4-4-1. Establishment of Fund; Fiscal Year
26-4-4-2. Fund Administration Expenses
26-4-4-3. Premiums Held in Trust; Investment of Fund; Interest; Reversion
26-4-4-5. Notice of Producer Premium Deductions
26-4-4-6. Submission of Producer Premiums to Finance Fund
26-4-4-7. Inspection of Books and Records; Verification; Confidentiality
26-4-4-8. Amount of Fund; Basis for Suspension and Reinstatement of Producer Premium Collection
26-4-4-9. Certification of Fund Balance; Discretion of Board to Suspend Collection