§ 25-31-1-35 — Investigative fund; administration by attorney general and licensing agency; appropriation

Indiana § 25-31-1-35

• Jurisdiction: Indiana
• Title 25: PROFESSIONS AND OCCUPATIONS
• Art. 31: PROFESSIONAL ENGINEERS
• Ch. 1: Regulation of Engineers; Creation of Board

Text

(a) The registered professional engineers and
registered engineering interns investigative fund is established to
provide funds for administering and enforcing the provisions of this
article, including investigating and taking enforcement action against
violators of this article. The fund shall be administered by the attorney
general and the licensing agency.
(b) The expenses of administering the fund shall be paid from the
money in the fund. The fund consists of money from the fee imposed
upon registered professional engineers and registered engineering
interns under section 9(b) of this chapter.
(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) Money in the fund at the end of a state fiscal year does not revert
to the state general fund. If the total amount in the fund exceeds five
hundred thousand dollars ($500,000) at the end of a state fiscal year
after payment of all claims and expenses, the amount that exceeds five
hundred thousand dollars ($500,000) reverts to the state general fund.
(e) Money in the fund is continually appropriated for use by the
attorney general and the licensing agency to administer and enforce the
provisions of this article and to conduct investigations and take
enforcement action against persons violating the provisions of this
article.

Legislative History

As added by P.L.194-2005, SEC.84. Amended by P.L.177-2006, SEC.9.