Indiana § 5-1.2-6-14 Revolving fund

Indiana Statutes

§ 5-1.2-6-14 — Revolving fund

Indiana § 5-1.2-6-14

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 6Recreational Development Facilities and Park Projects

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Bluebook

Ind. Code § 5-1.2-6-14 (2026).

Text

(a)A special revolving fund is created to be used only for the planning of projects, including the hiring of architects, engineers, consultants, and other experts and the doing of any work preliminary to the actual construction of a project.

(b)The money in the special revolving fund does not revert to the state general fund.

(c)The amount of money in the special revolving fund may not exceed five hundred thousand dollars ($500,000).

(d)The authority may do the following:

(1)Transfer to the special revolving fund other money in the authority's possession not otherwise committed or needed.

(2)Place a gift or grant to the authority not limited in character in the special revolving fund.

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(a) A special revolving fund is created to be
used only for the planning of projects, including the hiring of
architects, engineers, consultants, and other experts and the doing of
any work preliminary to the actual construction of a project.
(b) The money in the special revolving fund does not revert to the
state general fund.
(c) The amount of money in the special revolving fund may not
exceed five hundred thousand dollars ($500,000).
(d) The authority may do the following:
(1) Transfer to the special revolving fund other money in the
authority's possession not otherwise committed or needed.
(2) Place a gift or grant to the authority not limited in character in
the special revolving fund.