Indiana § 8-14-15.2-12 Diminishment of trust principal; deposit of trust income; transfer of
trust income to major moves construction fund

Indiana Statutes

§ 8-14-15.2-12 — Diminishment of trust principal; deposit of trust income; transfer of trust income to major moves construction fund

Indiana § 8-14-15.2-12

Art. 14HIGHWAY FINANCES

Ch. 15.2Next Generation Trust Fund

This text of Indiana § 8-14-15.2-12 (Diminishment of trust principal; deposit of trust income; transfer of trust income to major moves construction 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 § 8-14-15.2-12 (2026).

Text

(a)Except as otherwise required by section 10 of this chapter, the principal of the trust may not be diminished during the term of the trust.

(b)The income that accrues from investment of the trust shall be deposited in the trust.

(c)On March 15, 2021, and March 15 every five (5) years thereafter, the treasurer of state shall transfer all interest accruing to the trust to the major moves construction fund.

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(a) Except as otherwise required by section
10 of this chapter, the principal of the trust may not be diminished
during the term of the trust.
(b) The income that accrues from investment of the trust shall be
deposited in the trust.
(c) On March 15, 2021, and March 15 every five (5) years
thereafter, the treasurer of state shall transfer all interest accruing to the
trust to the major moves construction fund.