Indiana § 8-14-15.1-8 Investment policy requirements

Indiana Statutes

§ 8-14-15.1-8 — Investment policy requirements

Indiana § 8-14-15.1-8

Art. 14HIGHWAY FINANCES

Ch. 15.1Next Level Indiana Trust Fund

This text of Indiana § 8-14-15.1-8 (Investment policy requirements) 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 § 8-14-15.1-8 (2026).

Text

(a)The board shall adopt an investment policy that includes all the following:

(1)Money in the trust may be invested in investments that:

(A)maximize risk appropriate returns, which may include the purchase of equity or debt securities;

(B)make significant investments in Indiana funds and companies; and

(C)have such other investment parameters and procedures as the board determines are prudent to ensure that investments are consistent with this chapter.

(2)Money in the trust shall be invested in investments that, consistent with the other terms and objectives in the investment policy, give preference to Indiana companies or Indiana venture capital firms.

(3)Not more than twenty-five million dollars ($25,000,000) may be invested in any one (1) particular investment fund or investment

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

(a) The board shall adopt an investment
policy that includes all the following:
(1) Money in the trust may be invested in investments that:
(A) maximize risk appropriate returns, which may include the
purchase of equity or debt securities;
(B) make significant investments in Indiana funds and
companies; and
(C) have such other investment parameters and procedures as
the board determines are prudent to ensure that investments are
consistent with this chapter.
(2) Money in the trust shall be invested in investments that,
consistent with the other terms and objectives in the investment
policy, give preference to Indiana companies or Indiana venture
capital firms.
(3) Not more than twenty-five million dollars ($25,000,000) may
be invested in any one (1) particular investment fund or
investment firm.
(4) Such other investment parameters and procedures as the board
determines are prudent to ensure that investments are consistent
with this chapter.
(b) The investment policy adopted by the board must give adequate
time to change current investments in a prudent manner.
(c) The board may contract with investment management
professionals, investment advisers, and legal counsel to assist in the
investment of the fund and may pay the expenses incurred under those
contracts from the fund.
(d) The board has the powers, duties, restrictions, limitations, and
penalties in connection with the board's and the treasurer of state's
investment and management of the assets of trust as if the following
provisions pertaining to the public pension and retirement funds made
reference to the trust and the board:
(1) IC 5-10.2-2-2.5.
(2) IC 5-10.2-2-13.
(3) IC 5-10.3-5-3.
(4) IC 5-10.3-5-4.
(5) IC 5-10.3-5-5.
(6) IC 5-10.3-5-6.
(7) IC 5-10.4-3-10.
(8) IC 5-10.4-3-12.
(9) IC 5-10.4-3-13.
(10) IC 5-10.4-3-14.
(11) IC 5-10.4-3-15.
(12) IC 5-10.4-3-16.
(e) Compliance with the established investment policy is definitive
evidence of compliance with the applicable investment standards in
subsection (d).