Indiana § 8-14-15.1-5 Trust established by the Indiana finance authority; charitable trust;
proceeds transferred from the next generation trust fund

Indiana Statutes

§ 8-14-15.1-5 — Trust established by the Indiana finance authority; charitable trust; proceeds transferred from the next generation trust fund

Indiana § 8-14-15.1-5

Art. 14HIGHWAY FINANCES

Ch. 15.1Next Level Indiana Trust Fund

This text of Indiana § 8-14-15.1-5 (Trust established by the Indiana finance authority; charitable trust; proceeds transferred from the next generation trust 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 § 8-14-15.1-5 (2026).

Text

(a)The authority has established the next level Indiana trust fund to hold title to proceeds transferred to the trust under IC 8-14-15-5 (before its repeal), to be used exclusively for the provision of highways, roads, and bridges for the benefit of the people of Indiana and the users of those facilities.

(b)The trust as established is a charitable trust, separate from the state, but for the benevolent public purpose provided in this section.

(c)The trust consists of the proceeds transferred to the trust under IC 8-14-15-5 (before its repeal), and any income that accrues from the investment of these proceeds.

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(a) The authority has established the next
level Indiana trust fund to hold title to proceeds transferred to the trust
under IC 8-14-15-5 (before its repeal), to be used exclusively for the
provision of highways, roads, and bridges for the benefit of the people
of Indiana and the users of those facilities.
(b) The trust as established is a charitable trust, separate from the
state, but for the benevolent public purpose provided in this section.
(c) The trust consists of the proceeds transferred to the trust under
IC 8-14-15-5 (before its repeal), and any income that accrues from the
investment of these proceeds.