Indiana § 4-13-12.1-12 Trust fund; creation; administration; investments; reversion to general
fund

Indiana Statutes

§ 4-13-12.1-12 — Trust fund; creation; administration; investments; reversion to general fund

Indiana § 4-13-12.1-12

Art. 13ADMINISTRATIVE MANAGEMENT OF STATE

Ch. 12.1Indiana Historical Society Building

This text of Indiana § 4-13-12.1-12 (Trust fund; creation; administration; investments; reversion to general fund) 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 § 4-13-12.1-12 (2026).

Text

(a)At the request of the commissioner, the state comptroller shall establish a trust fund for purposes of holding money received under section 11 of this chapter.

(b)A trust fund created under this section shall be administered by the department.

(c)The expenses of administering the fund shall be paid from money in the fund.

(d)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 may be invested. Interest that accrues from these investments shall be deposited in the fund.

(e)Money in the fund at the end of a state fiscal year does not revert to the state general fund.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) At the request of the commissioner, the
state comptroller shall establish a trust fund for purposes of holding
money received under section 11 of this chapter.
(b) A trust fund created under this section shall be administered by
the department.
(c) The expenses of administering the fund shall be paid from
money in the fund.
(d) 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 may be invested. Interest that
accrues from these investments shall be deposited in the fund.
(e) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.