§ 4-12-1-22 — Dedicated funds; duties of the budget agency; dedicated fund reversions

Indiana § 4-12-1-22

• Jurisdiction: Indiana
• Art. 12: APPROPRIATIONS MANAGEMENT
• Ch. 1: The Budget Agency

Text

(a) Except as provided in subsection (b), as
used in this section, "dedicated fund" means a fund established separate
from the state general fund for:
(1) the use of a particular state agency;
(2) the deposit of a particular state revenue source; or
(3) the purposes of a particular state purpose or a particular state
program.
(b) The term does not include any of the following:
(1) A fund established for the purpose of administering a federal
program or a fund established for the deposit of money received
from the federal government.
(2) The public deposit insurance fund maintained by the board for
depositories under IC 5-13.
(3) A trust fund.
(4) A fund that is subject to a statutorily required minimum
balance.
(c) Before October 1 of each even-numbered year, the budget
agency shall prepare a list of dedicated funds from which no
expenditures were made in the previous two (2) state fiscal years. The
list must include the following information for each dedicated fund:
(1) The name of the fund.
(2) The legal fund balance on June 30 of the previous state fiscal
year.
(3) Citation of the statute or other authority for establishing the
fund.
(d) Before October 1 of each even-numbered year, the budget
agency shall:
(1) make any appropriate recommendations concerning the listed
dedicated funds; and
(2) submit the list prepared under subsection (c) and any
recommendations made under subdivision (1) in an electronic
format under IC 5-14-6 to the legislative council and to the budget
committee.
(e) If the list required by this section is not submitted by October 1
of an even-numbered year, the budget committee may request that the
budget agency appear at a public meeting concerning the list.
(f) Notwithstanding any other law, any remaining balance in a
dedicated fund identified on the list submitted under subsection (d)
reverts to the state general fund at the end of the state fiscal year in
which the list is submitted.

Legislative History

As added by P.L.93-2024, SEC.6.