Indiana Code Title 8. Utilities and Transportation § 8-14-14.2-1

Sec. 1. (a) The toll road lease amendment proceeds fund is established.

(b) The fund consists of the following:

(c) Money in the fund may be used only for the construction, reconstruction, improvement, maintenance, and repair, including design and right-of-way acquisition, of state highways that have a direct or indirect nexus with the Indiana toll road in the following counties:

(d) The department of transportation shall administer the fund.

(e) Notwithstanding IC 5-13, the treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as money may be invested by the Indiana public retirement system under IC 5-10.3-5.  However, the treasurer of state may not invest the money in the fund in equity securities.  The treasurer of state may contract with investment management professionals, investment advisors, and legal counsel to assist in the investment of the fund and may pay the state expenses incurred under those contracts from the fund.  Interest that accrues from these investments shall be deposited in the fund.

(f) Money in the fund at the end of a state fiscal year does not revert to the state general fund.