§ 31-26-4-12 — Indiana kids first trust fund

(a) The Indiana kids first trust fund is
established to carry out the purposes of this chapter.
(b) The fund consists of the following:
(1) Appropriations made by the general assembly.
(2) Interest as provided in subsection (e).
(3) Fees from kids first trust license plates issued under IC 9-18-30 (before its expiration) or IC 9-18.5-14.
(4) Money donated to the fund, including donations from a
nonprofit subsidiary corporation established under section 17 of
this chapter.
(5) Money transferred to the fund from other funds.
(c) The treasurer of state shall administer the fund.
(d) The expenses of administering the fund and this chapter shall be
paid from the fund.
(e) 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.
(f) An appropriation made by the general assembly to the fund shall
be allotted and allocated at the beginning of the fiscal period for which
the appropriation was made.
(g) Money in the fund at the end of a state fiscal year does not revert
to the state general fund or any other fund.
(h) Subject to this chapter, there is annually appropriated to the
department all money in the fund for the purposes of this chapter.
However, the department may not request the allotment of money from
the appropriation for a project that has not been approved and
recommended by the board.

Legislative History

As added by P.L.145-2006, SEC.272. Amended by P.L.198-2016, SEC.660; P.L.93-2021, SEC.4.