Section 9-18.5-31-7 - Indiana State Museum Foundation trust fund(a) The Indiana State Museum Foundation trust fund is established.(b) The treasurer of state shall invest the money in the Indiana State Museum Foundation trust fund not currently needed to meet the obligations of the Indiana State Museum Foundation trust fund in the same manner as other public funds are invested. Interest that accrues from these investments shall be deposited in the Indiana State Museum Foundation trust fund. Money in the Indiana State Museum Foundation trust fund is continuously appropriated for the purposes of this section.(c) The bureau shall administer the Indiana State Museum Foundation trust fund. Expenses of administering the Indiana State Museum Foundation trust fund shall be paid from money in the fund.(d) The bureau shall distribute at least one (1) time each month the money from the Indiana State Museum Foundation trust fund to the Indiana State Museum Foundation, Inc. for use concerning the Lincoln collection.(e) Money in the Indiana State Museum Foundation trust fund at the end of a state fiscal year does not revert to the state general fund.Pre-2016 Revision Citation: 9-18-52-7.5.
Amended by P.L. 118-2022,SEC. 20, eff. 7/1/2022.Added by P.L. 198-2016, SEC. 327, eff. 7/1/2016.