Use of money collected by foundation

Ind. Code § 8-25-8-4
in effect
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Sec. 4. A foundation established under section 3 of this chapter: (1) shall use money received under section 3 of this chapter to: (A) fund in part a public transportation project authorized under this article as required by IC 8-25-3-6(a); and (B) carry out the purposes and programs of the foundation under this chapter; and (2) may deposit money received under section 3 of this chapter in an account or fund that is: (A) administered by the foundation; and (B) not part of the state or county treasury. As added by P.L.153-2014, SEC.17.
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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