§ 4-38-8-2 — Sports wagering fund established

Indiana § 4-38-8-2

• Jurisdiction: Indiana
• Art. 38: SPORTS WAGERING
• Ch. 8: Annual License Fees

Text

(a) The sports wagering fund is established.
(b) The commission shall administer the fund.
(c) The fund consists of the following:
(1) Initial fees deposited in the fund under IC 4-38-4-5.
(2) Fees deposited in the fund under IC 4-38-6.
(3) Fees deposited in the fund under IC 4-38-7.
(4) Administrative fees deposited in the fund under section 1 of
this chapter.
(d) The expenses of administering the fund shall be paid from the
fund.
(e) 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 that other public money may be invested. Interest that accrues
from these investments shall be deposited in the fund.
(f) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
(g) Money in the fund is continuously appropriated to the
commission for the purpose of administering this article.

Legislative History

As added by P.L.293-2019, SEC.43. Amended by P.L.1-2020, SEC.1.