Indiana Code 4-23-2.5-12. Management and development of fund
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Sec. 12. (a) The commission shall manage and develop the fund and the assets of the fund.
(1) Establish a policy for the investment of assets of the fund.
(b) The commission shall do the following:
Terms Used In Indiana Code 4-23-2.5-12
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- commission: refers to the Indiana arts commission established by IC 4-23-2. See Indiana Code 4-23-2.5-2
- fund: refers to the Indiana arts commission trust fund established by section 4 of this chapter. See Indiana Code 4-23-2.5-3
(2) Acquire money for the fund through the solicitation of private or public donations and other revenue producing activities.
(3) Perform other tasks consistent with prudent management and development of the fund.
As added by P.L.29-1997, SEC.1. Amended by P.L.133-2012, SEC.19.