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

Indiana Statutes

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

Indiana·Art. 25 CENTRAL INDIANA PUBLIC·Ch. 7 Public Transportation Foundation in Marion County

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.

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