§ 36-7-32.5-20.5 — Economic development reserve account

Indiana § 36-7-32.5-20.5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 32.5: Innovation Development Districts

Text

5. (a) The economic development reserve
account is established within the state general fund to support the
development and expansion of industry in Indiana. The budget agency
shall administer the economic development reserve account.
(b) The economic development reserve account consists of the
following:
(1) Money appropriated to the economic development reserve
account by the general assembly.
(2) Money transferred to the economic development reserve
account under section 19(f) of this chapter.
(3) Interest earned on the balance of the economic development
reserve account.
(c) The treasurer of state shall invest the money in the economic
development reserve account not currently needed to meet the
obligations of the account in the same manner as other public money
may be invested. Interest that accrues from these investments shall be
deposited in the economic development reserve account.
(d) Money in the economic development reserve account at the end
of a state fiscal year does not revert to the state general fund.

Legislative History

As added by P.L.213-2025, SEC.319.