Indiana Statutes

§ 8-14-15.1-13 — Trust distributions of principal prohibited; income from trust investments distributed to the major moves construction fund at discretion of the trustee

Indiana § 8-14-15.1-13
JurisdictionIndiana
Art. 14HIGHWAY FINANCES
Ch. 15.1Next Level Indiana Trust Fund

This text of Indiana § 8-14-15.1-13 (Trust distributions of principal prohibited; income from trust investments distributed to the major moves construction fund at discretion of the trustee) 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 § 8-14-15.1-13 (2026).

Text

(a)The principal of the trust may not be distributed during the term of the trust.
(b)The income that accrues from the investment of the trust shall be deposited in the trust.
(c)On March 15 in years set forth in the investment policy adopted by the board, the treasurer of state shall transfer all income accruing to the trust to the major moves construction fund.

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Legislative History

As added by P.L.217-2017, SEC.69.

Nearby Sections

15
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Bluebook (online)
Indiana § 8-14-15.1-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-14-15.1-13.