§ 14-25-2-4 — Water resources development fund

Indiana § 14-25-2-4

• Jurisdiction: Indiana
• Art. 25: WATER RIGHTS AND RESOURCES
• Ch. 2: Minimum Stream Flow and Water Sale Contracts

Text

(a) As used in this section, "fund" refers to the
water resources development fund created by this section.
(b) The water resources development fund is created. Money paid
to the state under a contract entered into under this chapter shall be
deposited in the fund.
(c) The proceeds of the fund do not revert to the state general fund
but constitute a revolving fund to be used exclusively for the purposes
of this chapter.
(d) 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. Interest that accrues
from the investments shall be deposited in the fund.
(e) Money in the fund may be used for any of the following
purposes:
(1) The development of new reservoirs.
(2) The investigation, development, and improvement of existing
reservoirs.
(3) The acquisition of easements or purchase in fee simple of land
and property to be used as reservoir sites.
(4) The financing, construction, operation, and maintenance of
reservoir impoundments or parts of impoundments for water
supply storage and uses, either independently or in cooperation
with any person.
(5) The investigation of water resource availability, quality, and
water supply needs.
(6) Watershed protection.
(7) River enhancement.
(8) The preparation of a compilation and mapping of all
community public water supplies under IC 14-25-7-13(d).
(9) The operation of the division of water.
(f) The department shall administer the fund.
[Pre-1995 Recodification Citation: 13-2-1-7(d) part.]

Legislative History

As added by P.L.1-1995, SEC.18. Amended by P.L.184-1995, SEC.1; P.L.186-2003, SEC.68.