FFA trust fund
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 commissioner 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) On June 30 of each year, the commissioner shall distribute 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.
As added by P.L.118-1998, SEC.14.
Last modified: May 27, 2006