Indiana § 11-10-6-8 Industry products revolving fund; excess cash assets; remaining cash
assets

Indiana Statutes

§ 11-10-6-8 — Industry products revolving fund; excess cash assets; remaining cash assets

Indiana·Art. 10 CORRECTIONAL SERVICES AND PROGRAMS·Ch. 6 General Provisions Concerning Offender Employment

Any cash assets in excess of one million five
hundred thousand dollars ($1,500,000) remaining in the industry
products revolving fund at the close of any fiscal year shall be paid into
a special fund to be used for capital expenditures for the department or
support of the industry products revolving fund. The cash assets
remaining in the revolving fund at the close of any fiscal year shall
include and be limited to all items of cash less the total amount of all
accounts payable including all of the unliquidated obligations which
appear as a matter of record in the office of the state comptroller.
As added by Acts 1979, P.L.120, SEC.3. Amended by
P.L.149-1983, SEC.1; P.L.9-2024, SEC.322; P.L.193-2025,
SEC.6.

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Any cash assets in excess of one million five
hundred thousand dollars ($1,500,000) remaining in the industry
products revolving fund at the close of any fiscal year shall be paid into
a special fund to be used for capital expenditures for the department or
support of the industry products revolving fund. The cash assets
remaining in the revolving fund at the close of any fiscal year shall
include and be limited to all items of cash less the total amount of all
accounts payable including all of the unliquidated obligations which
appear as a matter of record in the office of the state comptroller.
As added by Acts 1979, P.L.120, SEC.3. Amended by
P.L.149-1983, SEC.1; P.L.9-2024, SEC.322; P.L.193-2025,
SEC.6.

Indiana § 11-10-6-8 (Industry products revolving fund; excess cash assets; remaining cash assets) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.