Sec. 1. (a) The toll road lease amendment proceeds fund is established. (b) The fund consists of the following: (1) Distributions to the fund from the major moves construction fund under IC 8-14-14-7 (c). (2) Appropriations to the fund. (3) Gifts, grants, loans, bond proceeds, and other money received for deposit in the fund. (4) Interest, premiums, or other earnings on the fund. (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: (1) Elkhart. (2) LaGrange. (3) Lake. (4) LaPorte. (5) Porter. (6) Steuben. (7) St. Joseph. (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. IC 8-14-14.3 Chapter 14.3. Expired IC 8-14-15 Chapter 15. Repealed IC 8-14-15.1 Chapter 15.1. Next Level Indiana Trust Fund 8-14-15.1-1 "Authority" 8-14-15.1-2 "Board" 8-14-15.1-3 "Trust" 8-14-15.1-4 "Trustee" 8-14-15.1-5 Trust established by the Indiana finance authority; charitable trust; proceeds transferred from the next generation trust fund 8-14-15.1-5.5 Transfer of title to proceeds in excess of $250,000,000; immunity from civil liability in connection with transfer 8-14-15.1-6 Trust agreement between the Indiana finance authority and the next level Indiana fund investment board 8-14-15.1-7 Next level Indiana fund investment board established; members; investment policy; meetings; quorum; voting; reporting requirement 8-14-15.1-8 Investment policy requirements 8-14-15.1-9 Next level Indiana fund investment board is trustee of the trust 8-14-15.1-10 Trust amendments prohibited 8-14-15.1-11 Treasurer of state to administer and manage trust 8-14-15.1-12 Uniform management of institutional funds act and trust code do not apply 8-14-15.1-13 Trust distributions of principal prohibited; income from trust investments distributed to the major moves construction fund at discretion of the trustee 8-14-15.1-14 Examination by state board of accounts 8-14-15.1-15 Violations; attorney general petitions 8-14-15.1-16 Report to budget committee
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