Sec. 4. (a) The Indiana Native American trust fund is established.
(b) The treasurer of state shall invest the money in the Indiana Native American trust fund not currently needed to meet the obligations of the Indiana Native American 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 Native American trust fund.
(c) The bureau shall administer the Indiana Native American trust fund. Expenses of administering the Indiana Native American trust fund shall be paid from money in the Indiana Native American trust fund.
(d) On June 30 of each year, the bureau shall distribute the money from the fund to the Native American Indian affairs commission established under IC 4-23-32.
(e) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
(f) The Native American Indian affairs commission may use money received under this section for any lawful purpose of the Native American Indian affairs commission.
[Pre-2016 Revision Citation: 9-18-44-4.]
As added by P.L.198-2016, SEC.327.