§ 4-4-38.5-11 — Rural broadband fund

Indiana § 4-4-38.5-11

• Jurisdiction: Indiana
• Art. 4: LIEUTENANT GOVERNOR
• Ch. 38.5: Broadband Grants for Rural Areas

Text

(a) The rural broadband fund is established
for the purpose of:
(1) awarding grants under:
(A) this chapter after July 31, 2019; and
(B) IC 4-4-38 before August 1, 2019;
(2) providing financial assistance under the program established
by the office under section 10.5 of this chapter for expenses
described in section 10.5(b) of this chapter incurred before July
1, 2025;
(3) providing funding for the creation and annual maintenance of
the public broadband portal created and administered by the
office under IC 4-4-41-8; and
(4) awarding grants under the Indiana broadband connectivity
program under IC 4-4-41.
(b) The office shall administer the fund.
(c) The fund consists of:
(1) money appropriated by the general assembly;
(2) money received by the office from federal grants or programs
for broadband infrastructure, other than money received by the
state under the federal Broadband Equity, Access, and
Deployment Program established under 47 U.S.C. 1702(b); and
(3) donations, gifts, and money received from any other source,
including transfers from other funds or accounts.
(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.
(e) Money in the fund at the end of a state fiscal year does not revert
to the state general fund but remains in the fund to be used exclusively
for the purposes of this chapter and IC 4-4-38.

Legislative History

As added by P.L.189-2019, SEC.7. Amended by P.L.89-2021, SEC.9; P.L.137-2021, SEC.16; P.L.158-2021, SEC.1; P.L.86-2024, SEC.2.