Indiana § 31-26-4.5-4 Fund establishment; money in the fund; administration; investments;
appropriation

Indiana Statutes

§ 31-26-4.5-4 — Fund establishment; money in the fund; administration; investments; appropriation

Indiana § 31-26-4.5-4

Art. 26CHILD SERVICES: PROGRAMS

Ch. 4.5Insuring Foster Youth Trust Program

This text of Indiana § 31-26-4.5-4 (Fund establishment; money in the fund; administration; investments; appropriation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 31-26-4.5-4 (2026).

Text

(a)The insuring foster youth 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 (f).

(3)Fees collected from an insuring foster youth trust license plate, if one is issued under IC 9-18.5.

(4)Money received pursuant to subsection (c).

(5)Money donated to the fund, including donations from a nonprofit subsidiary corporation established under section 9 of this chapter.

(6)Money transferred to the fund from other funds.

(c)The department may apply for all federal funds that are available for which the state is eligible to carry out the purposes of this chapter.

(d)The department shall administer the fund.

(e)The expenses of administering the

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(a) The insuring foster youth 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 (f).
(3) Fees collected from an insuring foster youth trust license plate,
if one is issued under IC 9-18.5.
(4) Money received pursuant to subsection (c).
(5) Money donated to the fund, including donations from a
nonprofit subsidiary corporation established under section 9 of
this chapter.
(6) Money transferred to the fund from other funds.
(c) The department may apply for all federal funds that are available
for which the state is eligible to carry out the purposes of this chapter.
(d) The department shall administer the fund.
(e) The expenses of administering the fund and this chapter shall be
paid from the fund. The fund's administrative expenses may not exceed
ten percent (10%) of the amounts deposited into the fund.
(f) 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.
(g) Money in the fund is continuously appropriated for the purposes
of the fund.
(h) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.