Introduced House Resolution (H)

Authored by

DIGEST

Establishes the Indiana permanent fund (fund) in the state treasury. Provides that the fund consists of: (1) 50% or such other greater percentage established by law of any general fund budget surplus realized during a state fiscal year; (2) appropriations made to the fund; and (3) other sources designated by law. Provides for the allocation of income among the fund, the state general fund, and other state funds designated by law. Provides that the principal of the fund may be used only for those investments specifically designated by law as eligible for investment from the fund. Establishes the Indiana permanent fund (fund) in the state treasury. Provides that the fund consists of: (1) 50% or such other greater percentage established by law of any general fund budget surplus realized during a state fiscal year; (2) appropriations made to the fund; and (3) other sources designated by law. Provides for the allocation of income among the fund, the state general fund, and other state funds designated by law. Provides that the principal of the fund may be used only for those investments specifically designated by law as eligible for investment from the fund.