Indiana § 4-12-6-3 Establishment and purpose of account; administration

Indiana Statutes

§ 4-12-6-3 — Establishment and purpose of account; administration

Indiana·Art. 12 APPROPRIATIONS MANAGEMENT·Ch. 6 Biomedical Technology and Basic Research Trust

(a)The biomedical technology and basic research account is established within the Indiana tobacco master settlement agreement fund for the purposes set forth in section 4 of this chapter. The account consists of:

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

(2)grants, gifts, and donations intended for deposit in the account.

(b)The account shall be administered by the budget agency. Money in the account at the end of the state fiscal year does not revert to the state general fund but remains available for expenditure.

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(a) The biomedical technology and basic
research account is established within the Indiana tobacco master
settlement agreement fund for the purposes set forth in section 4 of this
chapter. The account consists of:
(1) amounts, if any, that another statute requires to be distributed
to the account from the Indiana tobacco master settlement
agreement fund; and
(2) grants, gifts, and donations intended for deposit in the
account.
(b) The account shall be administered by the budget agency. Money
in the account at the end of the state fiscal year does not revert to the
state general fund but remains available for expenditure.

Indiana § 4-12-6-3 (Establishment and purpose of account; administration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.