§ 14-22-4-6 — Purpose of fund

Indiana § 14-22-4-6

• Jurisdiction: Indiana
• Art. 22: FISH AND WILDLIFE
• Ch. 4: Lifetime Hunting, Fishing, and Trapping License Trust

Text

(a) On July 1 of each year:
(1) all of the accumulated earnings in the fund; plus
(2) two and one-half percent (2 1/2%) of the money in the fund,
less the accumulated earnings;
shall be transferred to the fish and wildlife fund to maintain the
automated point of sale licensing system implemented under IC 14-22-12-7.5. Any unused part of the transfer under this subsection
may be used for the other purposes specified in IC 14-22-3-5(a).
(b) The director:
(1) with the approval of the commission;
(2) with the approval of the budget agency; and
(3) after review by the budget committee;
may use money in the fund to acquire real property that will be used
and managed for hunting and fishing. The money used under this
subsection to acquire real property may not exceed fifty percent (50%)
of the appraised value of the real property.
(c) The money in the fund may be used only for the purposes
authorized in this section.
[Pre-1995 Recodification Citation: 14-3-1-16.5(d).]

Legislative History

As added by P.L.1-1995, SEC.15. Amended by P.L.186-2003, SEC.58; P.L.132-2006, SEC.1.