Indiana § 14-12-2-31.5 Use of discretionary account to acquire property

Indiana Statutes

§ 14-12-2-31.5 — Use of discretionary account to acquire property

Indiana § 14-12-2-31.5

Art. 12STATE RESOURCE DEVELOPMENT

Ch. 2President Benjamin Harrison Conservation Trust

This text of Indiana § 14-12-2-31.5 (Use of discretionary account to acquire property) 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 § 14-12-2-31.5 (2026).

Text

5.

(a)Money from the discretionary account may not be used to acquire property for an approved project unless the approved project receives endorsement and participation from:

(1)a department division associated with the accounts listed in section 26(a)(1) through 26(a)(5) of this chapter; and

(2)nonstate sources or the foundation.

(b)Expenditures from the discretionary account may not exceed one-half (1/2) of the value of a property acquired under this chapter unless:

(1)the approved project advances multiple conservation objectives; and

(2)at least two (2) of the department divisions associated with the accounts listed in section 26(a)(1) through 26(a)(5) of this chapter have endorsed and are participating in the approved project.

(c)If an approved project satisfies the requiremen

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5. (a) Money from the discretionary
account may not be used to acquire property for an approved project
unless the approved project receives endorsement and participation
from:
(1) a department division associated with the accounts listed in
section 26(a)(1) through 26(a)(5) of this chapter; and
(2) nonstate sources or the foundation.
(b) Expenditures from the discretionary account may not exceed
one-half (1/2) of the value of a property acquired under this chapter
unless:
(1) the approved project advances multiple conservation
objectives; and
(2) at least two (2) of the department divisions associated with the
accounts listed in section 26(a)(1) through 26(a)(5) of this chapter
have endorsed and are participating in the approved project.
(c) If an approved project satisfies the requirements of subsection
(b)(1) and (b)(2), the applicant may request that up to two-thirds (2/3)
of the value of the acquired property be paid from the discretionary
account.