Riley Children's Foundation trust fund
Sec. 4. (a) The Riley Children's Foundation trust fund is
established.
(b) The treasurer of state shall invest the money in the Riley
Children's Foundation trust fund not currently needed to meet the
obligations of the Riley Children's Foundation trust fund in the same
manner as other public trust funds are invested. Interest that accrues
from these investments shall be deposited in the Riley Children's
Foundation trust fund. Money in the fund is continuously
appropriated for the purposes of this section.
(c) The commissioner shall administer the Riley Children's
Foundation trust fund. Expenses of administering the Riley
Children's Foundation trust fund shall be paid from money in the
Riley Children's Foundation trust fund.
(d) On June 30 of each year, the commissioner shall distribute the
money from the Riley Children's Foundation trust fund to the Riley
Children's Foundation.
(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.54-2004, SEC.4.
Last modified: May 27, 2006