Ind. Code ch. 8-14-14.1

in effect

Ind. Code § 8-14-14.1-1 "Department"

Sec. 1. As used in this chapter, "department" refers to the Indiana department of transportation. As added by P.L.205-2013, SEC.135.

Ind. Code § 8-14-14.1-2 "Fund"

Sec. 2. As used in this chapter, "fund" refers to the major moves 2020 trust fund established by section 3 of this chapter. As added by P.L.205-2013, SEC.135.

Ind. Code § 8-14-14.1-3 Establishment of the fund; transfers from the state general fund

Sec. 3. (a) The major moves 2020 trust fund is established, to be used exclusively for major highway expansion projects that enhance the ability of goods to be transported in and through Indiana. (b) The fund shall be administered by the department. (c) Notwithstanding IC 5-13, 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 money is invested by the Indiana public retirement system under IC 5-10.3-5. However, the treasurer of state may not invest the money in the fund in equity securities. The treasurer of state may contract with investment management professionals, investment advisors, and legal counsel to assist in the investment of the fund and may pay the state expenses incurred under those contracts from the fund. Interest that accrues from these investments shall be deposited in the fund. (d) The fund consists of: (1) money transferred to the fund under subsection (h); and (2) any interest or other earnings on money in the fund. (e) The fund is considered a trust fund for purposes of IC 4-9.1-1-7. Money may not be transferred, assigned, or otherwise removed from the fund by the state board of finance, the budget agency, or any other state agency. IC 4-9.1-1-8 and IC 4-9.1-1-9 do not apply to the fund. (f) Money in the fund at the end of a state fiscal year does not revert to the state general fund. (g) Money in the fund must be appropriated by the general assembly to be available for expenditure. (h) The budget agency may before July 1, 2015, direct the auditor of state to transfer not more than two hundred million dollars ($200,000,000) to the fund from the state general fund. If the budget agency directs the auditor of state to make such a transfer, the auditor of state shall transfer to the fund the amount determined by the budget agency. There is annually appropriated from the state general fund an amount sufficient to make the transfer under this subsection. A transfer under this subsection is in addition to any transfer from the state general fund to the fund before January 1, 2014. As added by P.L.205-2013, SEC.135. Amended by P.L.201-2014, SEC.2.

Ind. Code § 8-14-14.1-4 Transfers to the major moves construction fund

Sec. 4. (a) Notwithstanding section 3(e) of this chapter, the budget agency may, before July 1, 2014, transfer not more than two hundred million dollars ($200,000,000) from the fund to the major moves construction fund established by IC 8-14-14-5. Money transferred under this section may be used for any purpose of the major moves construction fund. (b) Notwithstanding section 3(e) of this chapter, if one (1) or more transfers under section 3(h) of this chapter are made to the fund after December 31, 2013, the budget agency may transfer from the fund to the major moves construction fund established by IC 8-14-14-5 an amount equal to the lesser of: (1) two hundred million dollars ($200,000,000); or (2) the total amount of any transfers under section 3(h) of this chapter that are made to the fund after December 31, 2013. (c) The following apply to a transfer described in subsection (b): (1) The transfer is subject to review by the budget committee and may be made as late as the date on which the budget committee submits the budget report and budget bill for the biennium beginning July 1, 2015, and ending June 30, 2017, to the governor under IC 4-12-1-9(a). (2) The transfer is in addition to any transfer made under subsection (a). (3) Money that is transferred may be used for any purpose of the major moves construction fund. As added by P.L.201-2014, SEC.3.

Ind. Code § 8-14-14.1-5 Transfer to major moves construction fund and state highway fund

Sec. 5. (a) After review by the budget committee, the budget agency may, after June 30, 2015, and before July 1, 2016, direct the auditor of state to transfer not more than one hundred million dollars ($100,000,000) to the fund from the state general fund. If the budget agency directs the auditor of state to make such a transfer, the auditor of state shall transfer to the fund the amount determined by the budget agency. There is appropriated from the state general fund an amount sufficient to make the transfer under this subsection. (b) After June 30, 2016, and before July 1, 2017, the auditor of state shall transfer one hundred million dollars ($100,000,000) to the state highway fund created by IC 8-23-9-54 from the state general fund. There is appropriated from the state general fund an amount sufficient to make the transfer under this subsection. (c) Notwithstanding section 3(e) of this chapter, if one (1) or more transfers under subsection (a) are made to the fund, the budget agency may after review by the budget committee transfer from the fund to the major moves construction fund established by IC 8-14-14-5 an amount equal to the lesser of: (1) one hundred million dollars ($100,000,000); or (2) the total amount of any transfers under subsection (a) that are made to the fund. (d) Money that is transferred as described in subsection (c) may be used for any purpose of the major moves construction fund. (e) Notwithstanding section 3(e) of this chapter, the transfer under subsection (b) to the state highway fund must be used only for preserving or reconstructing existing state highways and bridges for which the department is responsible. As added by P.L.213-2015, SEC.102. Amended by P.L.146-2016, SEC.15.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/8Fetched: 10/17/2026