§ 36-7-39-3.5 — Fund

Indiana § 36-7-39-3.5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 39: Northeast Indiana Strategic Development Commission

Text

5. (a) The northeast Indiana strategic
development fund is established for the purpose of carrying out this
chapter. The fund shall be administered by the commission.
(b) The fund consists of the following:
(1) Fees collected under this chapter.
(2) Appropriations.
(3) Gifts, contributions, and grants.
(c) The expenses of administering the fund shall be paid from
money in the fund.
(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 these investments shall be deposited in the fund.
(e) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
(f) Money in the fund is continuously appropriated for the purposes
set forth in this chapter.
(g) Money in the fund may not be used for the purposes of
expanding or increasing access to broadband.

Legislative History

As added by P.L.186-2023, SEC.1 and P.L.201-2023, SEC.278.