Sec. 1. The following are established: (1) The general operating fund. (2) The endowment fund. (3) The trust fund and, in the trust fund, the following: (A) The administrative account. (B) The program account. As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.4.
Sec. 1. The following are established: (1) The general operating fund. (2) The endowment fund. (3) The trust fund and, in the trust fund, the following: (A) The administrative account. (B) The program account. As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.4.
Sec. 2. The authority shall establish and implement investment policies in accordance with IC 5-13 for the following: (1) Money in the general operating fund. (2) Money in the administrative account. (3) Any other money of the authority other than money in: (A) the endowment fund; and (B) the program account. As added by P.L.165-1996, […]
Sec. 2. The authority shall establish and implement investment policies in accordance with IC 5-13 for the following: (1) Money in the general operating fund. (2) Money in the administrative account. (3) Any other money of the authority other than money in: (A) the endowment fund; and (B) the program account. As added by P.L.165-1996, […]
As added by P.L.165-1996, SEC.1. Repealed by P.L.85-2000, SEC.6.
As added by P.L.165-1996, SEC.1. Repealed by P.L.85-2000, SEC.6.
Sec. 4. The board shall establish and implement investment policies for money in: (1) the endowment fund; and (2) the program account; for investment in the manner provided by IC 30-4-3-3. As added by P.L.165-1996, SEC.1.
Sec. 4. The board shall establish and implement investment policies for money in: (1) the endowment fund; and (2) the program account; for investment in the manner provided by IC 30-4-3-3. As added by P.L.165-1996, SEC.1.
Sec. 5. The trust fund and other property of the authority must be preserved, invested, and expended only under this article and may not be used for any other purpose. The trust fund shall be held in trust for account owners and account beneficiaries. As added by P.L.165-1996, SEC.1.
Sec. 5. The trust fund and other property of the authority must be preserved, invested, and expended only under this article and may not be used for any other purpose. The trust fund shall be held in trust for account owners and account beneficiaries. As added by P.L.165-1996, SEC.1.
As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.
As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.
Sec. 7. Criteria for management of assets in the trust fund, including investment of assets, must provide for both asset protection and income growth relative to expected tuition costs while providing for the actuarial soundness of the trust fund. As added by P.L.165-1996, SEC.1.
Sec. 7. Criteria for management of assets in the trust fund, including investment of assets, must provide for both asset protection and income growth relative to expected tuition costs while providing for the actuarial soundness of the trust fund. As added by P.L.165-1996, SEC.1.
Sec. 8. (a) General operating, administrative, and capital expenses of the authority may be paid from amounts appropriated for those purposes by the general assembly. Appropriations must be deposited in either the administrative account or the general operating fund, as the board determines to be appropriate. (b) Subject to IC 21-9-6-3, money in the administrative […]
Sec. 8. (a) General operating, administrative, and capital expenses of the authority may be paid from amounts appropriated for those purposes by the general assembly. Appropriations must be deposited in either the administrative account or the general operating fund, as the board determines to be appropriate. (b) Subject to IC 21-9-6-3, money in the administrative […]
Sec. 9. (a) The funds, accounts, management, and operations of the authority are subject to annual audit by an independent public accounting firm retained by the board. (b) The authority shall promptly transmit copies of each annual audit to the governor and the general assembly. Upon request, the authority shall make available copies of the […]
Sec. 9. (a) The funds, accounts, management, and operations of the authority are subject to annual audit by an independent public accounting firm retained by the board. (b) The authority shall promptly transmit copies of each annual audit to the governor and the general assembly. Upon request, the authority shall make available copies of the […]
