§ 25-38.1-2-25 — Veterinary medicine fund

Indiana § 25-38.1-2-25

• Jurisdiction: Indiana
• Title 25: PROFESSIONS AND OCCUPATIONS
• Art. 38.1: VETERINARIANS
• Ch. 2: Indiana Board of Veterinary Medicine

Text

(a) The veterinary medicine 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 state board for the board.
(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
under section 19(b) of this chapter (before its repeal).
(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. However, if the total amount in the fund
exceeds seven hundred fifty thousand dollars ($750,000) at the end of
a state fiscal year after payment of all claims and expenses, the amount
that exceeds seven hundred fifty thousand dollars ($750,000) reverts
to the state general fund.
(e) Money in the fund is continually appropriated to the state board
for its use in administering and enforcing this article, conducting
investigations, and taking enforcement action against persons violating
this article.
(f) The attorney general, the board, and the state board may enter
into a memorandum of understanding to provide the attorney general
with funds to conduct investigations and pursue enforcement action
against violators of this article.
(g) The attorney general and the state board shall present the
memorandum of understanding annually to the board for review.

Legislative History

As added by P.L.58-2008, SEC.26. Amended by P.L.48-2022, SEC.26; P.L.9-2024, SEC.471.