Indiana § 13-17-6-3 Asbestos trust fund

Indiana Statutes

§ 13-17-6-3 — Asbestos trust fund

Indiana·Art. 17 AIR POLLUTION CONTROL·Ch. 6 Regulation of Asbestos and Asbestos Contractors

(a)The asbestos trust fund is established to provide a source of money for the purposes set forth in section 4 of this chapter.

(b)The expenses of administering the fund shall be paid from the money in the fund.

(c)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 money may be invested. Interest that accrues from these investments shall be deposited in the fund.

(d)Money in the fund at the end of a state fiscal year does not revert to the state general fund.

(e)The sources of money for the fund are the following:

(1)Accreditation fees paid under section 2 of this chapter.

(2)Appropriations made by the general assembly, gifts, and donations intended for deposit in the fund.

(3)Penalti

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(a) The asbestos trust fund is established to
provide a source of money for the purposes set forth in section 4 of this
chapter.
(b) The expenses of administering the fund shall be paid from the
money in the fund.
(c) 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 money may be invested. Interest that accrues
from these investments shall be deposited in the fund.
(d) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
(e) The sources of money for the fund are the following:
(1) Accreditation fees paid under section 2 of this chapter.
(2) Appropriations made by the general assembly, gifts, and
donations intended for deposit in the fund.
(3) Penalties imposed under IC 13-30-4 and IC 13-30-5 for
violations of the rules of the board concerning asbestos.
[Pre-1996 Recodification Citation: 13-1-1-15.]