Food bank trust fund
Sec. 5. (a) The Indiana food bank trust fund is established.
(b) The treasurer of state shall invest the money in the Indiana
food bank trust fund not currently needed to meet the obligations of
the Indiana food bank 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 food bank trust fund.
(c) The bureau shall administer the Indiana food bank trust fund.
Expenses of administering the Indiana food bank trust fund shall be
paid from money in the Indiana food bank trust fund.
(d) On June 30 of each year, the bureau shall distribute money in
the fund attributable to a recipient of an Indiana food bank trust
license plate to the Gleaners food bank trust license plate committee
that is composed of representatives of each food bank located in
Indiana.
(e) Money in the fund at the end of a state fiscal year does not
revert to the state general fund.
As added by P.L.118-1998, SEC.16.
Last modified: May 27, 2006