Sec. 7. A trust established under this chapter must be an irrevocable trust and may not be revoked or terminated by the authority or any other person, nor may it be amended or altered by the authority or any other person. However, the terms of the trust must provide that the trust terminates when no funds remain in the trust.
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