Ind. Code § 14-31-2-11
Transfer of money to stewardship trusts
Indiana · Indiana Code Title 14 — Natural and Cultural Resources · Status: effective
Cite this
- Citation
- Ind. Code § 14-31-2-11, Transfer of money to stewardship trusts, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1635546
- Permanent ID
ys:prov:1635546@1- SHA-256
e465e2deb809a512a3d63d58a3c50eb82c06c827ba4c5e6ee3d967a904b51b6a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 11.
(a) To ensure the proper management of natural areas acquired in the campaign, concurrent with the acquisition of each campaign site:
(1) an amount equal to twenty percent (20%) of the appraised value of the acquisition shall be transferred from the fund to an account designated the Indiana natural heritage stewardship trust I; and
(2) an amount equal to five percent (5%) of the appraised value of the acquisition shall be transferred from the fund to an account designated the Indiana natural heritage stewardship trust II.
(b) The amounts to be transferred from the fund to trust I and trust II must be fully and exclusively derived from the following:
(1) Private contributions to the fund.
(2) Interest earned on private contributions to the fund.
(c) Trust I and trust II shall be maintained in a financial institution having a uniform interagency trust composite rating of one (1) or two (2). The financial institution is the trustee of trust I and trust II.