Sec. 5.5. (a) Notwithstanding any law to the contrary, the treasurer of state shall transfer title to any proceeds in excess of two hundred fifty million dollars ($250,000,000) held in the trust fund to the next generation trust fund established under IC 8-14-15.2.
(b) The officers, directors, and employees of the authority and the treasurer of state (whether arising from the capacities of the position or from having entered in any trust agreement under this chapter) are immune from civil liability in connection with any transfer to the next generation trust fund under this section.
As added by P.L.189-2018, SEC.77.
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