Sec. 10. A trust established under this chapter may not be revoked or terminated by the authority, the board, the treasurer of state, or any other person, nor may it be amended or altered by the authority, the board, the treasurer of state, or any other person. However, the terms of the trust provide that the trust terminates when no funds remain in the trust.
As added by P.L.217-2017, SEC.69.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 15.1. Next Level Indiana Trust Fund
8-14-15.1-8. Investment Policy Requirements
8-14-15.1-9. Next Level Indiana Fund Investment Board Is Trustee of the Trust
8-14-15.1-10. Trust Amendments Prohibited
8-14-15.1-11. Treasurer of State to Administer and Manage Trust
8-14-15.1-12. Uniform Management of Institutional Funds Act and Trust Code Do Not Apply
8-14-15.1-14. Examination by State Board of Accounts