Indiana § 8-25-7-4 Use of money collected by foundation

Indiana Statutes

§ 8-25-7-4 — Use of money collected by foundation

Indiana § 8-25-7-4

Art. 25CENTRAL INDIANA PUBLIC

Ch. 7Public Transportation Foundation in Marion County

This text of Indiana § 8-25-7-4 (Use of money collected by foundation) 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 § 8-25-7-4 (2026).

Text

A foundation established under section 3 of this chapter:

(1)shall use money received under section 3 of this chapter to:

(A)fund in part a public transportation project authorized under this article as required by IC 8-25-3-6(a); and

(B)carry out the purposes and programs of the foundation under this chapter; and

(2)may deposit money received under section 3 of this chapter in an account or fund that is:

(A)administered by the foundation; and

(B)not part of the state or county treasury.

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A foundation established under section 3 of this
chapter:
(1) shall use money received under section 3 of this chapter to:
(A) fund in part a public transportation project authorized under
this article as required by IC 8-25-3-6(a); and
(B) carry out the purposes and programs of the foundation
under this chapter; and
(2) may deposit money received under section 3 of this chapter in
an account or fund that is:
(A) administered by the foundation; and
(B) not part of the state or county treasury.