Sec. 4. (a) The Riley Children's Foundation trust fund is established.
(b) The treasurer of state shall invest the money in the Riley Children's Foundation trust fund not currently needed to meet the obligations of the Riley Children's Foundation trust fund in the same manner as other public trust funds are invested. Interest that accrues from these investments shall be deposited in the Riley Children's Foundation trust fund. Money in the fund is continuously appropriated for the purposes of this section.
(c) The bureau shall administer the Riley Children's Foundation trust fund. Expenses of administering the Riley Children's Foundation trust fund shall be paid from money in the Riley Children's Foundation trust fund.
(d) On June 30 of each year, the bureau shall distribute the money from the Riley Children's Foundation trust fund to the Riley Children's Foundation.
(e) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
[Pre-2016 Revision Citation: 9-18-48-4.]
As added by P.L.198-2016, SEC.327.
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