Indiana § 13-23-7-1.2 Aviation fuel account

Indiana Statutes

§ 13-23-7-1.2 — Aviation fuel account

Indiana § 13-23-7-1.2

Art. 23UNDERGROUND STORAGE TANKS

Ch. 7Underground Petroleum Storage Tank Excess Liability

This text of Indiana § 13-23-7-1.2 (Aviation fuel account) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 13-23-7-1.2 (2026).

Text

2.

(a)The aviation fuel account is established within the ELTF. The account shall be administered by the commissioner or the commissioner's designee.

(b)The account consists of the following:

(1)Fees on the inspection of avgas (as defined in IC 16-44-2-0.5) and jet fuel (as defined in IC 16-44-2-1.5) that are deposited in the account under IC 16-44-2-18(g).

(2)All earnings on investments of funds in the account.

(3)Gifts and donations intended for deposit in the account.

(4)Any other money authorized to be deposited in or appropriated to the account.

(c)Money in the account is continuously appropriated for purposes of this section.

(d)The treasurer of state shall invest the money in the account not currently needed to meet the obligations of the account in the same manner as other

Free access — add to your briefcase to read the full text and ask questions with AI

2. (a) The aviation fuel account is established
within the ELTF. The account shall be administered by the
commissioner or the commissioner's designee.
(b) The account consists of the following:
(1) Fees on the inspection of avgas (as defined in IC 16-44-2-0.5)
and jet fuel (as defined in IC 16-44-2-1.5) that are deposited in
the account under IC 16-44-2-18(g).
(2) All earnings on investments of funds in the account.
(3) Gifts and donations intended for deposit in the account.
(4) Any other money authorized to be deposited in or appropriated
to the account.
(c) Money in the account is continuously appropriated for purposes
of this section.
(d) The treasurer of state shall invest the money in the account not
currently needed to meet the obligations of the account in the same
manner as other public money may be invested. Interest that accrues
from these investments shall be deposited in the account.
(e) Money in the account may be used only for the following
purposes:
(1) Assisting owners and operators of tanks used for the storage
of avgas or jet fuel in establishing evidence of financial
responsibility, if necessary under IC 13-23-4.
(2) Providing a source of money to satisfy liabilities for corrective
action involving avgas or jet fuel.
(3) Providing a source of money for the indemnification of third
parties under IC 13-23-9-3 in claims involving avgas or jet fuel.
(4) Providing a source of money to pay the expenses incurred by
the department:
(A) for job activities and expenses that consist exclusively of
administering the aviation fuel account;
(B) in inspecting aviation fuel storage tanks; and
(C) in providing training through the program established under
IC 13-23-7-1(a)(4)(C) to operators of underground and
aboveground tanks used to store avgas or jet fuel.
(5) Beginning December 31, 2023, annually providing to the
airport development grant fund established by IC 8-21-11-4 an
amount equal to the difference between:
(A) the entire balance in the aviation fuel account; and
(B) a reserve amount that, in combination with an estimate of
the fees that will be deposited in the aviation fuel account under
subsection (b)(1) during the following calendar year, is
reasonably anticipated by the commissioner or the
commissioner's designee as administrator of the aviation fuel
account to be sufficient to meet the purposes set forth in
subdivisions (1) through (4) in the following year.
(f) The expenses of administering the account shall be paid from
money in the account.
(g) Money that is in the account at the end of a state fiscal year does
not revert to the state general fund.