§ 14-20-16-2 — Governors' portraits fund; use

Indiana § 14-20-16-2

• Jurisdiction: Indiana
• Art. 20: STATE MUSEUMS AND HISTORIC SITES
• Ch. 16: Governors' Portraits Collection

Text

(a) The governors' portraits fund is
established as a dedicated fund to be administered by the Indiana state
museum and historic sites corporation (IC 4-37-2-1). Money in the
fund may be expended by the chief executive officer of the Indiana
state museum and historic sites corporation exclusively for the
preservation and exhibition of the state owned portraits of former
governors of Indiana.
(b) The proceeds from the sale of items as directed by law or by the
chief executive officer of the Indiana state museum and historic sites
corporation, from gifts of money or the proceeds from the sale of gifts
donated to the fund, and from investment earnings from any portion of
the fund, shall be deposited in the governors' portraits fund.
(c) 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 money may be invested.
(d) All money accruing to the governors' portraits fund is
continuously allotted and appropriated for the purposes specified in this
section.
(e) Money in the fund at the end of the fiscal year does not revert to
the state general fund.

Legislative History

As added by P.L.69-2009, SEC.6. Amended by P.L.167-2011, SEC.28.