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Indiana Code Title 9. Motor Vehicles § 9-18.5-16-4

Current as of January 02, 2024 | Updated by FindLaw Staff

Sec. 4. (a) The Indiana FFA trust fund is established.

(b) The treasurer of state shall invest the money in the Indiana FFA trust fund not currently needed to meet the obligations of the Indiana FFA trust fund in the same manner as other public trust funds are invested. Interest that accrues from these investments shall be deposited in the Indiana FFA trust fund.

(c) The bureau shall administer the Indiana FFA trust fund. Expenses of administering the Indiana FFA trust fund shall be paid from money in the Indiana FFA trust fund.

(d) The bureau shall distribute at least one (1) time each month the money from the fund to the FFA Foundation that is located within Indiana.

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

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Cite this article: FindLaw.com - Indiana Code Title 9. Motor Vehicles § 9-18.5-16-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-9-motor-vehicles/in-code-sect-9-18-5-16-4/

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