Indiana § 31-26-4-12 - Indiana kids first trust fund
Full text of Indiana Indiana Code § 31-26-4-12 — Indiana kids first trust fund, with citation guidance and answers to common questions.
§ 31-26-4-12. Indiana kids first trust fund
Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027.
Sec. 12. (a) The Indiana kids first trust fund is established to carry out the purposes of this chapter.
(b) The fund consists of the following:
(1) Appropriations made by the general assembly.
(2) Interest as provided in subsection (e).
(3) Fees from kids first trust license plates issued under IC 9-18-30 (before its expiration) or IC 9-18.5-14.
(4) Money donated to the fund, including donations from a nonprofit subsidiary corporation established under section 17 of this chapter.
(5) Money transferred to the fund from other funds.
(c) The treasurer of state shall administer the fund.
(d) The expenses of administering the fund and this chapter shall be paid from the fund.
(e) 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 other public trust funds are invested. Interest that accrues from these investments shall be deposited in the fund.
(f) An appropriation made by the general assembly to the fund shall be allotted and allocated at the beginning of the fiscal period for which the appropriation was made.
(g) Money in the fund at the end of a state fiscal year does not revert to the state general fund or any other fund.
(h) Subject to this chapter, there is annually appropriated to the department all money in the fund for the purposes of this chapter. However, the department may not request the allotment of money from the appropriation for a project that has not been approved and recommended by the board.
As added by P.L.145-2006, SEC.272. Amended by P.L.198-2016, SEC.660; P.L.93-2021, SEC.4.
IC 31-26-4-12Indiana kids first trust fund Note: This version of section effective 7-1-2027. See also preceding version of this section, effective until 7-1-2027.
Sec. 12. (a) The Indiana kids first trust fund is established to carry out the purposes of this chapter.
(b) The fund consists of the following:
(1) Appropriations made by the general assembly.
(2) Interest as provided in subsection (e).
(3) Fees from kids first trust license plates issued under IC 9-18-30 (before its expiration) or IC 9-18.5-14.
(4) Money donated to the fund, including donations from a nonprofit subsidiary corporation established under section 17 of this chapter (before its repeal).
(5) Money transferred to the fund from other funds.
(c) The treasurer of state shall administer the fund.
(d) The expenses of administering the fund and this chapter shall be paid from the fund.
(e) 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 other public trust funds are invested. Interest that accrues from these investments shall be deposited in the fund.
(f) An appropriation made by the general assembly to the fund shall be allotted and allocated at the beginning of the fiscal period for which the appropriation was made.
(g) Money in the fund at the end of a state fiscal year does not revert to the state general fund or any other fund.
(h) Subject to this chapter, there is annually appropriated to the department all money in the fund for the purposes of this chapter. However, the department may not request the allotment of money from the appropriation for a project that has not been approved and recommended by the commission.
As added by P.L.145-2006, SEC.272. Amended by P.L.198-2016, SEC.660; P.L.93-2021, SEC.4; P.L.152-2026, SEC.463.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 31-26-4-12
What does Indiana Code § 31-26-4-12 cover?
Section 31-26-4-12 ("Indiana kids first trust fund") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 31-26-4-12?
A common citation format is "Indiana Code § 31-26-4-12" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 31-26-4-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.