Sec. 4. (a) The Indiana FFA trust fund is established.
(b) The treasurer of state shall invest the money in the Indiana FFA trust fund not currently needed to meet the obligations of the Indiana FFA trust fund in the same manner as other public trust funds are invested. Interest that accrues from these investments shall be deposited in the Indiana FFA trust fund.
(c) The bureau shall administer the Indiana FFA trust fund. Expenses of administering the Indiana FFA trust fund shall be paid from money in the Indiana FFA trust fund.
(d) On June 30 of each year, the bureau shall distribute the money from the fund to the FFA Foundation that is located within Indiana.
(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: 9-18-33-4.]
As added by P.L.198-2016, SEC.327.