reglab/housing_qa huggingface dataset:
IN Code § 8-14-14.1-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.1. Major Moves 2020 Trust Fund|8-14-14.1-3. Establishment of the Fund; Transfers From the State General Fund

Sec. 3. (a) The major moves 2020 trust fund is established, to be used exclusively for major highway expansion projects that enhance the ability of goods to be transported in and through Indiana.(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 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.(d) The fund consists of:(1) money transferred to the fund under subsection (h); and(2) any interest or other earnings on money in 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. IC 4-9.1-1-8 and IC 4-9.1-1-9 do not apply to the fund.(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.(h) The budget agency may before July 1, 2015, direct the auditor of state to transfer not more than two hundred million dollars ($200,000,000) to the fund from the state general fund. If the budget agency directs the auditor of state to make such a transfer, the auditor of state shall transfer to the fund the amount determined by the budget agency. There is annually appropriated from the state general fund an amount sufficient to make the transfer under this subsection. A transfer under this subsection is in addition to any transfer from the state general fund to the fund before January 1, 2014.As added by P.L.205-2013, SEC.135. Amended by P.L.201-2014, SEC.2.
IN Code § 8-14-14.1-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.1. Major Moves 2020 Trust Fund|8-14-14.1-4. Transfers to the Major Moves Construction Fund

Sec. 4. (a) Notwithstanding section 3(e) of this chapter, the budget agency may, before July 1, 2014, transfer not more than two hundred million dollars ($200,000,000) from the fund to the major moves construction fund established by IC 8-14-14-5. Money transferred under this section may be used for any purpose of the major moves construction fund.(b) Notwithstanding section 3(e) of this chapter, if one (1) or more transfers under section 3(h) of this chapter are made to the fund after December 31, 2013, the budget agency may transfer from the fund to the major moves construction fund established by IC 8-14-14-5 an amount equal to the lesser of:(1) two hundred million dollars ($200,000,000); or(2) the total amount of any transfers under section 3(h) of this chapter that are made to the fund after December 31, 2013.(c) The following apply to a transfer described in subsection (b):(1) The transfer is subject to review by the budget committee and may be made as late as the date on which the budget committee submits the budget report and budget bill for the biennium beginning July 1, 2015, and ending June 30, 2017, to the governor under IC 4-12-1-9(a).(2) The transfer is in addition to any transfer made under subsection (a).(3) Money that is transferred may be used for any purpose of the major moves construction fund.As added by P.L.201-2014, SEC.3.
IN Code § 8-14-14.1-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.1. Major Moves 2020 Trust Fund|8-14-14.1-5. Transfer to Major Moves Construction Fund and State Highway Fund

Sec. 5. (a) After review by the budget committee, the budget agency may, after June 30, 2015, and before July 1, 2016, direct the auditor of state to transfer not more than one hundred million dollars ($100,000,000) to the fund from the state general fund. If the budget agency directs the auditor of state to make such a transfer, the auditor of state shall transfer to the fund the amount determined by the budget agency. There is appropriated from the state general fund an amount sufficient to make the transfer under this subsection.(b) After June 30, 2016, and before July 1, 2017, the auditor of state shall transfer one hundred million dollars ($100,000,000) to the state highway fund created by IC 8-23-9-54 from the state general fund. There is appropriated from the state general fund an amount sufficient to make the transfer under this subsection.(c) Notwithstanding section 3(e) of this chapter, if one (1) or more transfers under subsection (a) are made to the fund, the budget agency may after review by the budget committee transfer from the fund to the major moves construction fund established by IC 8-14-14-5 an amount equal to the lesser of:(1) one hundred million dollars ($100,000,000); or(2) the total amount of any transfers under subsection (a) that are made to the fund.(d) Money that is transferred as described in subsection (c) may be used for any purpose of the major moves construction fund.(e) Notwithstanding section 3(e) of this chapter, the transfer under subsection (b) to the state highway fund must be used only for preserving or reconstructing existing state highways and bridges for which the department is responsible.As added by P.L.213-2015, SEC.102. Amended by P.L.146-2016, SEC.15.
IN Code § 8-14-14.2-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.2. Toll Road Lease Amendment Proceeds Fund|8-14-14.2-1. Establishment of Fund; Uses

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.As added by P.L.108-2019, SEC.154.
IN Code § 8-14-14.3-0.5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.3. Next Level Connections Fund|8-14-14.3-0.5. "Department"

Sec. 0.5. As used in this chapter, "department" refers to the Indiana department of transportation.As added by P.L.108-2019, SEC.155.
IN Code § 8-14-14.3-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.3. Next Level Connections Fund|8-14-14.3-1. "Fund"

Sec. 1. As used in this chapter, "fund" refers to the next level connections fund established under this chapter.As added by P.L.108-2019, SEC.155.
IN Code § 8-14-14.3-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.3. Next Level Connections Fund|8-14-14.3-2. Establishment of the Next Level Connections Fund; Purposes

Sec. 2. (a) The next level connections fund is established to do the following:(1) Provide matching grants to local units of government and nonprofit organizations for trails. However, the funding for trails may not exceed ninety million dollars ($90,000,000).(2) Incentivize and establish additional nonstop flights originating from Indiana airports. However, the funding for nonstop flights may not exceed twenty million dollars ($20,000,000).(3) Accomplish the transportation plan of the department.(b) The department may transfer up to one hundred million dollars ($100,000,000) from the next level connections fund to the rural broadband fund established under IC 4-4-38.5-11 for the purpose of awarding broadband grants for rural areas.(c) The fund consists of the following:(1) Transfers to the fund of other money appropriated to the department that are approved by the budget agency.(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.(d) The department shall administer the fund.(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.108-2019, SEC.155.
IN Code § 8-14-14.3-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.3. Next Level Connections Fund|8-14-14.3-3. Authorization to Collaborate With Other State Agencies in Carrying Out the Purposes of the Fund

Sec. 3. The department may collaborate with other state agencies, including transferring funds to other agencies, with the approval of the budget director, in carrying out section 2 of this chapter.As added by P.L.108-2019, SEC.155.
IN Code § 8-14-14.3-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.3. Next Level Connections Fund|8-14-14.3-4. Reporting Requirement

Sec. 4. The budget agency and the department shall report to the budget committee before October 1 of each year, beginning in 2019, on any projects identified or expenditures that have been made under this chapter during the immediately preceding state fiscal year. The report must include a summary of any expenditures and the sources of the funding for these expenditures.As added by P.L.108-2019, SEC.155.
IN Code § 8-14-14.3-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.3. Next Level Connections Fund|8-14-14.3-5. Establishment of the Northern Indiana Commuter Rail Account; Uses

Sec. 5. (a) As used in this section, "authority" refers to the Indiana finance authority established under IC 5-1.2-3.(b) The northern Indiana commuter rail account is established within the next level connections fund. The budget agency shall transfer one hundred eighty-five million dollars ($185,000,000) from the next level connections fund to the northern Indiana commuter rail account and, subject to the approval of the governor, may transfer up to an additional twenty million dollars ($20,000,000) from the next level connections fund to the northern Indiana commuter rail account. The account shall be administered by the department.(c) Money in the account may be used only for the purpose of paying the costs of construction of a rail project (as each such term is defined in IC 5-1.3-2). The department may collaborate with other state agencies, the treasurer of state, and the authority, including transferring funds to other agencies, the treasurer of state, or the authority, with the approval of the budget director, to accomplish the purpose described in this section.(d) If the authority notifies the department and the budget agency that the money in the account is no longer needed for paying the costs of construction of a rail project, the budget agency shall transfer any money remaining in the account back to the next level connections fund. Once a rail project, for which federal funds have been granted pursuant to the capital investment grant program outlined in 49 U.S.C. 5309, has commenced, such a transfer may not occur until the rail project is substantially complete.(e) Money in the account at the end of a state fiscal year does not revert to the state general fund.(f) Money in the account is continuously appropriated for the purpose of the account.As added by P.L.108-2019, SEC.155.
IN Code § 8-14-14.3-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 14.3. Next Level Connections Fund|8-14-14.3-6. Expiration

Sec. 6. (a) This chapter expires June 30, 2024.(b) The department may not award additional grants under section 2 of this chapter after June 30, 2024. The department may distribute grants after June 30, 2024, that have been awarded before June 30, 2024.As added by P.L.108-2019, SEC.155.
IN Code § 8-14-15.1-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-1. "Authority"

Sec. 1. As used in this chapter, "authority" refers to the Indiana finance authority.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-2. "Board"

Sec. 2. As used in this chapter, "board" refers to the next level Indiana fund investment board established by section 7 of this chapter.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-3. "Trust"

Sec. 3. As used in this chapter, "trust" refers to the next level Indiana trust fund established under section 5 this chapter.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-4. "Trustee"

Sec. 4. As used in this chapter, "trustee" refers to the trustee of the trust designated under sections 7 and 9 of this chapter.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-5. Trust Established by the Indiana Finance Authority; Charitable Trust; Proceeds Transferred From the Next Generation Trust Fund

Sec. 5. (a) The authority has established the next level Indiana trust fund to hold title to proceeds transferred to the trust under IC 8-14-15-5 (before its repeal), 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.(b) The trust as established is a charitable trust, separate from the state, but for the benevolent public purpose provided in this section.(c) The trust consists of the proceeds transferred to the trust under IC 8-14-15-5 (before its repeal), and any income that accrues from the investment of these proceeds.As added by P.L.217-2017, SEC.69. Amended by P.L.189-2018, SEC.76.
IN Code § 8-14-15.1-5.5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-5.5. Transfer of Title to Proceeds in Excess of $250,000,000; Immunity From Civil Liability in Connection With Transfer

Sec. 5.5. (a) Notwithstanding any law to the contrary, the treasurer of state shall transfer title to any proceeds in excess of two hundred fifty million dollars ($250,000,000) held in the trust fund to the next generation trust fund established under IC 8-14-15.2.(b) The officers, directors, and employees of the authority and the treasurer of state (whether arising from the capacities of the position or from having entered in any trust agreement under this chapter) are immune from civil liability in connection with any transfer to the next generation trust fund under this section.As added by P.L.189-2018, SEC.77.
IN Code § 8-14-15.1-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-6. Trust Agreement Between the Indiana Finance Authority and the Next Level Indiana Fund Investment Board

Sec. 6. The chairman of the authority may enter into a trust agreement on behalf of the authority with the board in furtherance of the purposes of this chapter. Any trust agreement must conform with this chapter. 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.217-2017, SEC.69.
IN Code § 8-14-15.1-7 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-7. Next Level Indiana Fund Investment Board Established; Members; Investment Policy; Meetings; Quorum; Voting

Sec. 7. (a) The next level Indiana fund investment board is established. The board consists of the following members:(1) The secretary of commerce or the secretary's designee, who shall serve as the chairperson of the board.(2) The director of the office of management and budget or the director's designee.(3) Two (2) individuals appointed by the governor who have experience and knowledge in investments.(4) The treasurer of state or the treasurer's designee.(b) The board shall serve as trustee of the trust and direct the investment of the trust.(c) The board shall adopt an investment policy in conformance with section 8 of this chapter.(d) The board shall hold regular meetings at least quarterly. The board may hold special meetings at the call of the treasurer of state or with a written request signed by at least two (2) members of the board.(e) The board may hold its meetings at offices in Indiana that the chairperson or the requesting members designate. All meetings must be open to the public in accordance with IC 5-14-1.5. The board shall keep a record of its proceedings.(f) Three (3) members of the board constitute a quorum for the transaction of business of the board. Each member of the board is entitled to one (1) vote. A vote of at least three (3) members of the board present is required for the board to adopt a resolution or take other action at a regular or special meeting.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-8 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-8. Investment Policy Requirements

Sec. 8. (a) The board shall adopt an investment policy that includes all the following:(1) Money in the trust may be invested in investments that:(A) maximize risk appropriate returns, which may include the purchase of equity or debt securities;(B) make significant investments in Indiana funds and companies; and(C) have such other investment parameters and procedures as the board determines are prudent to ensure that investments are consistent with this chapter.(2) Not more than twenty-five million dollars ($25,000,000) may be invested in any one (1) particular investment fund or investment firm.(3) Such other investment parameters and procedures as the board determines are prudent to ensure that investments are consistent with this chapter.(b) The investment policy adopted by the board must give adequate time to change current investments in a prudent manner.(c) The board may contract with investment management professionals, investment advisers, and legal counsel to assist in the investment of the fund and may pay the expenses incurred under those contracts from the fund.(d) The board has the powers, duties, restrictions, limitations, and penalties in connection with the board's and the treasurer of state's investment and management of the assets of trust as if the following provisions pertaining to the public pension and retirement funds made reference to the trust and the board:(1) IC 5-10.2-2-2.5.(2) IC 5-10.2-2-13.(3) IC 5-10.3-5-3.(4) IC 5-10.3-5-4.(5) IC 5-10.3-5-5.(6) IC 5-10.3-5-6.(7) IC 5-10.4-3-10.(8) IC 5-10.4-3-12.(9) IC 5-10.4-3-13.(10) IC 5-10.4-3-14.(11) IC 5-10.4-3-15.(12) IC 5-10.4-3-16.(e) Compliance with the established investment policy is definitive evidence of compliance with the applicable investment standards in subsection (d).As added by P.L.217-2017, SEC.69. Amended by P.L.189-2018, SEC.78.
IN Code § 8-14-15.1-9 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-9. Next Level Indiana Fund Investment Board Is Trustee of the Trust

Sec. 9. The board established by section 7 of this chapter shall act as trustee of the trust.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-10 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-10. Trust Amendments Prohibited

Sec. 10. A trust established under this chapter may not be revoked or terminated by the authority, the board, the treasurer of state, or any other person, nor may it be amended or altered by the authority, the board, the treasurer of state, or any other person. However, the terms of the trust provide that the trust terminates when no funds remain in the trust.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-11 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-11. Treasurer of State to Administer and Manage Trust

Sec. 11. (a) The treasurer of state shall:(1) administer and manage the trust;(2) invest the money in the trust at the direction of the trustee consistent with the investment policies adopted by the board; and(3) deposit in the trust:(A) any accrued interest from the investment of money in the trust;(B) proceeds from the sale of trust assets; and(C) other income or returns from the investment of money in the trust.(b) Notwithstanding IC 5-13, the treasurer of state shall invest the money in the trust not currently needed to meet the obligations of the trust under the investment policies adopted by the board. The treasurer of state on behalf of the board may contract with investment management professionals, investment advisers, and legal counsel to assist in the investment of the trust and may pay the 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 and investments in the trust at the end of the state fiscal year do not revert to the state general fund.As added by P.L.217-2017, SEC.69.
IN Code § 8-14-15.1-12 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14. Highway Finances|Chapter 15.1. Next Level Indiana Trust Fund|8-14-15.1-12. Uniform Management of Institutional Funds Act and Trust Code Do Not Apply

Sec. 12. IC 30-2-12 and IC 30-4 do not apply to a trust established under this chapter.As added by P.L.217-2017, SEC.69.