reglab/housing_qa huggingface dataset:
IN Code § 8-14-15.1-13 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|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

Sec. 13. (a) The principal of the trust may not be distributed during the term of the trust.(b) The income that accrues from the investment of the trust shall be deposited in the trust.(c) On March 15 in years set forth in the investment policy adopted by the board, the treasurer of state shall transfer all income accruing to the trust to the major moves construction fund.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-14 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-14. Examination by State Board of Accounts

Sec. 14. Any records, files, or documents relating to the trust may be examined by the state board of accounts at a time selected by the state board of accounts. The trustee shall upon request of the state board of accounts:(1) produce and submit any records, files, or documents related to the trust; and(2) assist in every way the state board of accounts in its work in making an examination.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-15 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-15. Violations; Attorney General Petitions

Sec. 15. (a) This section applies to the authority, the board, the treasurer of state, and any other person that does any of the following with respect to the trust established under this chapter:(1) Commits a breach of the trust.(2) Violates the mandate of the trust or the trust agreement.(3) Violates a duty imposed by this chapter or the trust agreement.(b) The attorney general may petition a court to impose one (1) or more of the following remedies for a breach or violation enumerated in subsection (a):(1) Injunctive relief.(2) Appointment of temporary receivers.(3) Permanent removal of any person serving on the board.(4) Appointment of a permanent replacement for any person serving on the board pending approval of a replacement by the governor.Any remedy under this subsection is in addition to any other remedy available at law or in equity.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-16 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-16. Report to Budget Committee

Sec. 16. The trustee shall report to the budget committee every six (6) months concerning the investment of trust assets, the returns on those investments, and other actions taken by the trustee and the board.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.2-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-1. "Authority"

Sec. 1. As used in this chapter, "authority" refers to the Indiana finance authority.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-2. "Principal of the Trust"

Sec. 2. As used in this chapter, "principal of the trust" means an amount equal to two hundred fifty million dollars ($250,000,000).As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-3. "Trust"

Sec. 3. As used in this chapter, "trust" refers to the next generation trust fund established under this chapter.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-4. "Trustee"

Sec. 4. As used in this chapter, "trustee" refers to the trustee of the trust designated under section 8 of this chapter.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-5. Establishment of Next Generation Trust; Uses of the Trust

Sec. 5. (a) The authority shall establish a next generation trust fund to hold title to proceeds transferred to the trust fund under IC 8-14-15.1-5.5 or section 10 of this chapter, to be used exclusively for the provision of highways, roads, and bridges for the benefit of the people of Indiana and the users of those facilities or for the purpose set forth in section 10 of this chapter.(b) The trust shall be established as a charitable trust, separate from the state, but for the benevolent public purposes provided in this section.(c) The trust consists of the proceeds transferred to the trust under IC 8-14-15.1-5.5 or section 10 of this chapter, and any income that accrues from the investment of these proceeds.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-6. Trust Agreement

Sec. 6. The chairperson of the authority shall enter into a trust agreement on behalf of the authority with the treasurer of state in conformity with IC 30-4-2-1. Any provision of the trust agreement entered into under this section that is inconsistent with the provisions or intent of this chapter is void and of no further force or effect.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-7 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-7. Trust Established as an Irrevocable Trust; Termination of Trust

Sec. 7. A trust established under this chapter must be an irrevocable trust and may not be revoked or terminated by the authority or any other person, nor may it be amended or altered by the authority or any other person. However, the terms of the trust must provide that the trust terminates when no funds remain in the trust.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-8 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-8. Treasurer of State as Trustee of the Trust

Sec. 8. The treasurer of state shall act as the trustee of the trust.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-9 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-9. Duties of the Trustee; Investment of Money in the Trust

Sec. 9. (a) The trustee shall:(1) administer and manage the trust;(2) invest the money in the trust; and(3) deposit in the trust any interest that accrues from the investment of these funds.(b) Notwithstanding IC 5-13, the trustee shall invest the money in the trust not currently needed to meet the obligations of the trust in the same manner as money is invested by the Indiana public retirement system under IC 5-10.3-5. However, the trustee may not invest the money in the trust in equity securities. The trustee shall also comply with the prudent investor rule set forth in IC 30-4-3.5. The trustee may contract with investment management professionals, investment advisors, and legal counsel to assist in the investment of the trust and may pay the state expenses incurred under those contracts from the trust.(c) IC 4-9.1-1-8 and IC 4-9.1-1-9 do not apply to a trust established under this chapter.(d) Money in the trust fund at the end of a state fiscal year does not revert to the state general fund.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-10 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-10. Use of Principal to Make and Secure Certain Lease Rental Payments; Transfer of Money if Insufficient Grant Proceeds Are Received From the Federal Government; Report by the State Budget Director

Sec. 10. (a) The principal of the trust may be used to make and secure lease rental payments that:(1) are payable from grant proceeds from the federal government; and(2) will be used to pay bonds or notes issued by the authority pursuant to IC 5-1.3.(b) If grant proceeds received from the federal government are not in an amount sufficient to pay a lease rental payment described in subsection (a), the authority shall notify the trustee when the lease rental payment is due and the amount of the shortfall. Upon receiving notice from the authority, the trustee shall promptly transfer moneys in the trust in the amount of the shortfall to or at the direction of the authority for the purpose of making the lease rental payment.(c) If a transfer is made under subsection (b), the state budget director shall transfer funds from the state general fund to the trust, in an amount equal to the transfer made under subsection (b). The state budget director shall submit a report to the budget committee within thirty (30) days after the transfer to the trust.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-11 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-11. Trust Code Applicable to the Trust

Sec. 11. IC 30-4 (trust code) applies to a trust established under this chapter.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-12 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-12. Diminishment of Trust Principal; Deposit of Trust Income; Transfer of Trust Income to Major Moves Construction Fund

Sec. 12. (a) Except as otherwise required by section 10 of this chapter, the principal of the trust may not be diminished during the term of the trust.(b) The income that accrues from investment of the trust shall be deposited in the trust.(c) On March 15, 2021, and March 15 every five (5) years thereafter, the treasurer of state shall transfer all interest accruing to the trust to the major moves construction fund.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-13 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-13. Trust Report Is a Public Record; Attorney General May Petition for Accounting

Sec. 13. The report required under IC 30-4-5-12 is a public record. The attorney general may petition for an accounting as permitted by IC 30-4-5-12.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-14 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-14. Petition by Attorney General for Remedies if Breach of Trust, Violation of Trust Mandate, or Violation of Duty

Sec. 14. (a) This section applies if a person does any of the following with respect to a trust created under this chapter:(1) Commits a breach of the trust.(2) Violates the mandate of the trust or trust agreement.(3) Violates a duty imposed by this chapter, the trust agreement, or IC 30-4.(b) The attorney general may petition a court to impose one (1) or more of the remedies described in IC 30-4-5.5-1.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-15.2-15 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.2. Next Generation Trust Fund|8-14-15.2-15. Examination of Records, Files, and Documents by the State Board of Accounts

Sec. 15. Any records, files, or documents relating to the trust may be examined by the state board of accounts at a time selected by the state board of accounts. The trustee shall upon request of the state board of accounts:(1) produce and submit any records, files, or documents related to the trust; and(2) assist in every way the state board of accounts in its work in making an examination.As added by P.L.189-2018, SEC.79.
IN Code § 8-14-16-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 16. Local Major Moves Construction Funds|8-14-16-1. Application

Sec. 1. This chapter applies only to the following counties:(1) A county having a population of more than thirty-four thousand (34,000) but less than thirty-four thousand three hundred (34,300).(2) A county having a population of more than thirty-seven thousand one hundred twenty-five (37,125) but less than thirty-seven thousand five hundred (37,500).(3) A county having a population of more than one hundred eleven thousand (111,000) but less than one hundred fifteen thousand (115,000).(4) A county having a population of more than one hundred eighty-five thousand (185,000) but less than two hundred fifty thousand (250,000).(5) A county having a population of more than two hundred fifty thousand (250,000) but less than two hundred seventy thousand (270,000).(6) A county having a population of more than one hundred fifty thousand (150,000) but less than one hundred seventy thousand (170,000).(7) A county having a population of more than four hundred thousand (400,000) but less than seven hundred thousand (700,000).As added by P.L.47-2006, SEC.7. Amended by P.L.119-2012, SEC.91.
IN Code § 8-14-16-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 16. Local Major Moves Construction Funds|8-14-16-2. "Fund"

Sec. 2. As used in this chapter, "fund" refers to a local major moves construction fund established under section 4 of this chapter.As added by P.L.47-2006, SEC.7.
IN Code § 8-14-16-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 16. Local Major Moves Construction Funds|8-14-16-3. Distributions by County Auditor

Sec. 3. Money distributed to a county described in section 1 of this chapter from the major moves construction fund under IC 8-14-14-6(a)(3) shall be distributed by the county auditor among the county and each of the cities and towns in the county that is eligible to receive a distribution from the motor vehicle highway account under IC 8-14-1, in the same proportion among the county, cities, and towns as funds are distributed from the motor vehicle highway account under IC 8-14-1.As added by P.L.47-2006, SEC.7.
IN Code § 8-14-16-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 16. Local Major Moves Construction Funds|8-14-16-4. Establishment of Funds

Sec. 4. (a) Each county, city, or town that receives a distribution under section 3 of this chapter shall establish a local major moves construction fund.(b) The fund consists of money distributed to the county, city, or town from the major moves construction fund under section 3 of this chapter.(c) The fiscal officer of the county, city, or town shall administer the fund.(d) Subject to subsection (f), the fiscal body of the county, city, or town may appropriate money in the fund for a purpose described in section 5 of this chapter. The appropriations of money in the fund must be included as a part of the annual budget for the calendar year in accordance with IC 6-1.1-17.(e) Money remaining in the fund at the end of a particular calendar year remains in the fund and does not revert to any other fund.(f) A county fiscal body must consult with the county executive before making an appropriation under this section.As added by P.L.47-2006, SEC.7.
IN Code § 8-14-16-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 16. Local Major Moves Construction Funds|8-14-16-5. Uses of Money in Fund

Sec. 5. Money in the fund may be expended only for the following purposes:(1) Construction of highways, roads, and bridges.(2) In a county that is a member of the northwest Indiana regional development authority, or in a city or town located in such a county, any purpose for which the regional development authority may make expenditures under IC 36-7.5.(3) Providing funding for economic development projects (as defined in IC 6-3.6-2-8(1) or IC 6-3.6-2-8(2)(A) through IC 6-3.6-2-8(2)(K)).(4) Matching federal grants for a purpose described in this section.(5) Providing funding for interlocal agreements under IC 36-1-7 for a purpose described in this section.(6) Providing the county's, city's, or town's contribution to a regional development authority established under IC 36-7.6-2-3.As added by P.L.47-2006, SEC.7. Amended by P.L.232-2007, SEC.6; P.L.197-2016, SEC.82.
IN Code § 8-14-17-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 17. Alternative Transportation Construction Fund|8-14-17-1. "Authority"

Sec. 1. As used in this chapter, "authority" refers to the Indiana finance authority established by IC 5-1.2-3.As added by P.L.203-2007, SEC.4. Amended by P.L.189-2018, SEC.80.
IN Code § 8-14-17-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 17. Alternative Transportation Construction Fund|8-14-17-2. "Department"

Sec. 2. As used in this chapter, "department" refers to the Indiana department of transportation.As added by P.L.203-2007, SEC.4.
IN Code § 8-14-17-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 17. Alternative Transportation Construction Fund|8-14-17-3. "Fund"

Sec. 3. As used in this chapter, "fund" refers to the alternative transportation construction fund established by section 4 of this chapter.As added by P.L.203-2007, SEC.4.
IN Code § 8-14-17-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 17. Alternative Transportation Construction Fund|8-14-17-4. Fund Established; Administration and Sources

Sec. 4. (a) The alternative transportation construction fund is established for the purpose of:(1) funding projects under IC 8-15.7 for passenger and freight railroad systems as described in IC 8-15.7-2-14(a)(4); and(2) funding distributions under section 5 of this chapter.(b) The fund shall be administered by the department.(c) 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 is 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 advisers, 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.(d) The fund consists of the following:(1) Appropriations to the fund.(2) Gifts, grants, loans, bond proceeds, and other money received for deposit in the fund.(3) Payments made to the authority or the department from operators under IC 8-15.7 concerning passenger and freight railroad systems as described in IC 8-15.7-2-14(a)(4).(4) Interest, premiums, or other earnings on the fund.(e) The fund is considered a trust fund for purposes of IC 4-9.1-1-7. Money may not be transferred, assigned, or otherwise removed from the fund by the state board of finance, the budget agency, or any other state agency.(f) Money in the fund at the end of a state fiscal year does not revert to the state general fund.(g) Money in the fund must be appropriated by the general assembly to be available for expenditure.As added by P.L.203-2007, SEC.4. Amended by P.L.35-2012, SEC.98.
IN Code § 8-14-17-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 17. Alternative Transportation Construction Fund|8-14-17-5. Uses of Fund

Sec. 5. Money in the fund may be used for any of the following purposes:(1) The payment of any obligation incurred or amounts owed by the authority, the department, or an operator under IC 8-15.7 in connection with the execution and performance of a public-private agreement under IC 8-15.7 for a passenger or freight railroad system as described in IC 8-15.7-2-14(a)(4).(2) Lease payments to the authority, if money for those payments is specifically appropriated by the general assembly.As added by P.L.203-2007, SEC.4.
IN Code § 8-14.5-1-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 1. Legislative Findings of Fact|8-14.5-1-1. Findings of Fact

Sec. 1. The general assembly makes the following findings of fact:(1) That there exists in Indiana a need for construction, acquisition, reconstruction, improvement, and extension of transportation systems in order to provide for the public welfare and safety by providing safe, dependable, and reliable transportation systems for vehicular traffic.(2) That the development and maintenance of Indiana's economy requires an adequate transportation system in order to provide for the public welfare and to facilitate the creation and maintenance of jobs, the increase and stabilization of the tax base, and the general economic welfare of the state and its citizens.(3) That it is necessary to serve the public interest and to provide for the public welfare by adopting this article for the purposes described in this article.As added by P.L.68-1988, SEC.12.
IN Code § 8-14.5-1-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 1. Legislative Findings of Fact|8-14.5-1-2. Supplemental and Additional Powers Conferred by Article

Sec. 2. This article provides an additional and alternative method for doing the things authorized by this article, and is supplemental and additional to powers conferred by other laws and not in derogation of any other powers.As added by P.L.68-1988, SEC.12.
IN Code § 8-14.5-1-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 1. Legislative Findings of Fact|8-14.5-1-3. Liberal Construction

Sec. 3. This article is necessary for the welfare of the state and its inhabitants and shall be liberally construed to effect the purposes of this article.As added by P.L.68-1988, SEC.12.
IN Code § 8-14.5-1-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 1. Legislative Findings of Fact|8-14.5-1-4. Application of Article to the Authority

Sec. 4. This article:(1) applies to the authority only when acting for the purposes set forth in this article; and(2) does not apply to the authority when acting under any other statute for any other purpose.As added by P.L.235-2005, SEC.113.
IN Code § 8-14.5-2-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 2. Definitions|8-14.5-2-1. Applicability of Definitions

Sec. 1. The definitions in this chapter apply throughout this article.As added by P.L.68-1988, SEC.12.
IN Code § 8-14.5-2-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 2. Definitions|8-14.5-2-2. Authority

Sec. 2. "Authority" refers to the Indiana finance authority established by IC 5-1.2-3.As added by P.L.68-1988, SEC.12. Amended by P.L.235-2005, SEC.114; P.L.189-2018, SEC.81.
IN Code § 8-14.5-2-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 2. Definitions|8-14.5-2-3. Bonds

Sec. 3. "Bonds" refers to bonds of the authority issued under IC 8-14.5-6 or IC 8-14.5-7.As added by P.L.68-1988, SEC.12. Amended by P.L.246-2005, SEC.80.