Sec. 4. (a) The Indiana boy scouts trust fund is established.
(b) 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 other public trust funds are invested. Interest that accrues from these investments shall be deposited in the fund.
(c) The bureau shall administer the fund. Expenses of administering the fund shall be paid from money in the fund.
(d) On June 30 of each year, the bureau shall distribute money from the fund to the organization established under section 5 of this chapter.
(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: 9-18-37-4.]
As added by P.L.198-2016, SEC.327.