Sec. 12. (a) Except as otherwise required by section 10 of this chapter, the principal of the trust may not be diminished during the term of the trust.
(b) The income that accrues from investment of the trust shall be deposited in the trust.
(c) On March 15, 2021, and March 15 every five (5) years thereafter, the treasurer of state shall transfer all interest accruing to the trust to the major moves construction fund.
As added by P.L.189-2018, SEC.79.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 15.2. Next Generation Trust Fund
8-14-15.2-2. "Principal of the Trust"
8-14-15.2-5. Establishment of Next Generation Trust; Uses of the Trust
8-14-15.2-7. Trust Established as an Irrevocable Trust; Termination of Trust
8-14-15.2-8. Treasurer of State as Trustee of the Trust
8-14-15.2-9. Duties of the Trustee; Investment of Money in the Trust
8-14-15.2-11. Trust Code Applicable to the Trust
8-14-15.2-13. Trust Report Is a Public Record; Attorney General May Petition for Accounting
8-14-15.2-15. Examination of Records, Files, and Documents by the State Board of Accounts