§ 14-18-9-2 — Determination of profit; emergency conservation work fund

(a) The director may determine what part of the
proceeds of the sale of state land or the products of state land is:
(1) a profit; and
(2) a direct result of work done on the land by the United States
government under 16 U.S.C. 460l-4 et seq.
(b) When the director determines that a profit exists, the director
shall order that not more than one-half (1/2) of the profit, in the amount
the director determines, be set aside and retained by the department as
a separate fund to be known as the emergency conservation work fund.
(c) The director may negotiate with the appropriate federal
authorities for reimbursement of the United States and fix the amount
due the United States under this section. The amount fixed shall be
paid from the emergency conservation work fund as the director
directs.
(d) Any unexpended remainder in the emergency conservation work
fund after the United States has been reimbursed as provided in this
chapter shall be paid into the state general fund.
[Pre-1995 Recodification Citation: 14-3-7-2.]

Legislative History

As added by P.L.1-1995, SEC.11.