Indiana § 4-12-16.5-2 Establishment of fund; uses

Indiana Statutes

§ 4-12-16.5-2 — Establishment of fund; uses

Indiana § 4-12-16.5-2

Art. 12APPROPRIATIONS MANAGEMENT

Ch. 16.5Special Transportation Flexibility Fund

This text of Indiana § 4-12-16.5-2 (Establishment of fund; uses) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 4-12-16.5-2 (2026).

Text

(a)The special transportation flexibility fund is established. The fund consists of amounts deposited in the fund under IC 6-2.5-10-1.

(b)The budget agency shall administer the fund.

(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 funds 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)Except as provided in subsection (g), the budget agency shall, once every six (6) months, transfer the money in the fund to the state highway fund (IC 8-23-9-54).

(g)If the gov

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(a) The special transportation flexibility fund
is established. The fund consists of amounts deposited in the fund
under IC 6-2.5-10-1.
(b) The budget agency shall administer the fund.
(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 funds 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) Except as provided in subsection (g), the budget agency shall,
once every six (6) months, transfer the money in the fund to the state
highway fund (IC 8-23-9-54).
(g) If the governor determines that a transfer of money to the state
highway fund should not occur, the governor must notify the budget
committee of this determination at least thirty (30) days before that
transfer is to be made. If the governor notifies the budget committee of
a determination as provided in this subsection, the budget committee
must review the governor's determination not later than sixty (60) days
after receiving the notification. If the governor provides such a
notification, the governor may after review by the budget committee
reallocate the money in the fund to be used instead for kindergarten
through grade 12 education, health care, or child services, if the
governor determines that federal or state revenues are insufficient to
support those programs. However, if the budget committee does not
meet to review the governor's determination within sixty (60) days after
receiving notification of the determination, the scheduled transfer of
money to the state highway fund shall be made.