§ 14-34-19-1.5 — Reclamation set-aside fund

Indiana § 14-34-19-1.5

• Jurisdiction: Indiana
• Art. 34: SURFACE COAL MINING AND RECLAMATION
• Ch. 19: Abandoned Mines

Text

5. (a) As used in this section, "fund" refers
to the reclamation set-aside fund established by subsection (b).
(b) The reclamation set-aside fund is established for the following
purposes:
(1) The protection of public health and property from the extreme
danger of the adverse effects of coal mining practices.
(2) The assurance that safety and general welfare are not affected
by the extreme danger of adverse effects of coal mining practices.
(3) The protection of public health from the adverse effects of
coal mining practices.
(4) The assurance that safety and general welfare are not affected
by the adverse effects of coal mining practices.
(5) The restoration of land and water resources and the
environment previously degraded by adverse effects of coal
mining practices, including measures for the conservation and
development of soil, water, excluding channelization, woodland,
fish and wildlife, recreation resources, and agricultural
productivity.
(c) The department shall administer the fund.
(d) The fund consists of the following:
(1) Accrued interest and other investment earnings of the fund.
(2) Gifts, grants, donations, or appropriations from any source.
(e) Money in the fund does not revert to the state general fund at the
end of a state fiscal year.
(f) 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 these investments shall be deposited in the fund.

Legislative History

As added by P.L.165-2011, SEC.28. Amended by P.L.6-2012, SEC.105.