Indiana Statutes
§ 8-14-15.2-5 — Establishment of next generation trust; uses of the trust
Indiana § 8-14-15.2-5
This text of Indiana § 8-14-15.2-5 (Establishment of next generation trust; uses of the trust) 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 § 8-14-15.2-5 (2026).
Text
(a)The authority shall establish a next
generation trust fund to hold title to proceeds transferred to the trust
fund under IC 8-14-15.1-5.5 or section 10 of this chapter, 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 or for
the purpose set forth in section 10 of this chapter.
(b)The trust shall be established as a charitable trust, separate from
the state, but for the benevolent public purposes provided in this
section.
(c)The trust consists of the proceeds transferred to the trust under
IC 8-14-15.1-5.5 or section 10 of this chapter, and any income that
accrues from the investment of these proceeds.
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Legislative History
As added by P.L.189-2018, SEC.79.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-14-15.2-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-14-15.2-5.