Indiana § 4-12-4-10 Establishment of fund; contents; administration

Indiana Statutes

§ 4-12-4-10 — Establishment of fund; contents; administration

Indiana·Art. 12 APPROPRIATIONS MANAGEMENT·Ch. 4 Indiana Tobacco Use Prevention and Cessation Trust

(a)The Indiana tobacco use prevention and cessation trust fund is established. The Indiana department of health may expend money from the fund and make grants from the fund to implement the long range state plan established under this chapter. Administrative expenses necessary to carry out this chapter are also payable from the fund.

(b)The fund consists of:

(1)amounts, if any, that another statute requires to be distributed to the fund from the Indiana tobacco master settlement agreement fund;

(2)appropriations to the fund from other sources;

(3)grants, gifts, and donations intended for deposit in the fund; and

(4)interest that accrues from money in the fund.

(c)The fund shall be administered by the Indiana department of health. Notwithstanding IC 5-13, the treasurer of state shall

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(a) The Indiana tobacco use prevention and
cessation trust fund is established. The Indiana department of health
may expend money from the fund and make grants from the fund to
implement the long range state plan established under this chapter.
Administrative expenses necessary to carry out this chapter are also
payable from the fund.
(b) The fund consists of:
(1) amounts, if any, that another statute requires to be distributed
to the fund from the Indiana tobacco master settlement agreement
fund;
(2) appropriations to the fund from other sources;
(3) grants, gifts, and donations intended for deposit in the fund;
and
(4) interest that accrues from money in the fund.
(c) The fund shall be administered by the Indiana department of
health. Notwithstanding IC 5-13, 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 money is invested by the Indiana public
retirement system under IC 5-10.3-5. The treasurer of state may
contract with investment management professionals, investment
advisors, and legal counsel to assist in the investment of the fund and
may pay the expenses incurred under those contracts from the fund.
Money in the fund at the end of a state fiscal year does not revert to the
state general fund.
(d) All income and assets of the executive board deposited in the
fund are for the use of the Indiana department of health after
appropriation.

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