Indiana Code 9-18.5-27-4. Riley Children’s Foundation trust fund
(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.
Terms Used In Indiana Code 9-18.5-27-4
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(d) On June 30 of each year, the bureau 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.
[Pre-2016 Revision Citation: 9-18-48-4.]
As added by P.L.198-2016, SEC.327.