Indiana Statutes
§ 14-12-1-11 — Establishment of fund
(a)The Indiana natural resources fund is
established. Expenditures from the fund may be made only to carry out
the purposes of this chapter. The foundation shall do the following:
(1)Hold the fund in the name of the foundation.
(2)Administer the fund.
(3)Make all expenditures from the fund.
(b)Gifts of money to the fund or the foundation or the proceeds
from the sale of gifts donated to the fund or the foundation shall be
deposited in the fund.
(c)The expenses of administering this chapter shall be paid from
money in the fund.
(d)The money in the fund at the end of a state fiscal year remains
in the fund and does not revert to any other fund. If the foundation is
terminated, the money in the fund reverts to the department.
(e)The fund is subject to audit as if the foundation were a
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 14-12-1-11 (Establishment of fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.1-1995, SEC.5.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation