§ 14-12-2-25 — Fund; establishment

Indiana § 14-12-2-25

• Jurisdiction: Indiana
• Art. 12: STATE RESOURCE DEVELOPMENT
• Ch. 2: President Benjamin Harrison Conservation Trust

Text

(a) The President Benjamin Harrison
conservation trust fund is established for the purpose of purchasing
property as provided in this chapter.
(b) The fund consists of the following:
(1) Appropriations made by the general assembly.
(2) Interest as provided in subsection (e).
(3) Fees from environmental license plates issued under IC 9-18-29 (before its expiration) or IC 9-18.5-13.
(4) Money donated to the fund.
(5) Money transferred to the fund from other funds.
(c) The department shall administer the fund. The director must
approve any purchase of property using money from the fund.
(d) The expenses of administering the fund and this chapter shall be
paid from the fund.
(e) 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 trust funds are invested. Interest that accrues
from these investments shall be deposited in the fund.
(f) An appropriation made by the general assembly to the fund shall
be allotted and allocated at the beginning of the fiscal period for which
the appropriation was made.
(g) Money in the fund at the end of a state fiscal year does not revert
to the state general fund or any other fund.
(h) Subject to this chapter, there is annually appropriated to the
department all money in the fund for the purposes of this chapter.
[Pre-1995 Recodification Citation: 14-3-20-27.]

Legislative History

As added by P.L.1-1995, SEC.5. Amended by P.L.172-2016, SEC.24; P.L.198-2016, SEC.637.