Sec. 13. (a) Subject to the investment policy of the commission, the treasurer of state shall administer the fund and invest the money in the fund.
(b) The expenses of administering the fund and this chapter shall be paid from the fund.
(c) 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 trust funds are invested. Interest that accrues from these investments shall be deposited in the fund.
As added by P.L.29-1997, SEC.1. Amended by P.L.133-2012, SEC.20.
Structure Indiana Code
Title 4. State Offices and Administration
Article 23. Boards and Commissions
Chapter 2.5. Indiana Arts Commission Trust Fund
4-23-2.5-4. Purpose of Fund; Contents
4-23-2.5-12. Management and Development of Fund
4-23-2.5-13. Administration of Fund; Investment of Money in Fund
4-23-2.5-14. Appropriations; Reversion of Money in Fund
4-23-2.5-15. Allocation of Money From Fund; Use of Interest and Dividends by Commission