Diminishment of trust principal; deposit of trust income; transfer of trust income to major moves construction fund

Ind. Code § 8-14-15.2-12
in effect
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Sec. 12. (a) Except as otherwise required by section 10 of this chapter, the principal of the trust may not be diminished during the term of the trust. (b) The income that accrues from investment of the trust shall be deposited in the trust. (c) On March 15, 2021, and March 15 every five (5) years thereafter, the treasurer of state shall transfer all interest accruing to the trust to the major moves construction fund. As added by P.L.189-2018, SEC.79.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/8Fetched: 10/17/2026

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