§ 5-14-4-14 — Education fund

Indiana § 5-14-4-14

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 14: PUBLIC RECORDS AND PUBLIC MEETINGS
• Ch. 4: Public Access Counselor

Text

(a) An education fund is established to
provide funds for the program established under section 10(1) of this
chapter.
(b) The fund consists of the following:
(1) Civil penalties collected under IC 5-14-1.5-7.5 and IC 5-14-3-9.5.
(2) Money appropriated by the general assembly.
(3) Grants, gifts, contributions, and money received from any
other source.
(c) The treasurer of state shall administer the fund. The following
may be paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out the
purposes of this section.
(d) Money in the fund at the end of a state fiscal year does not revert
to the state general 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 as other public funds may be invested. Interest that accrues
from these investments shall be deposited in the fund.

Legislative History

As added by P.L.134-2012, SEC.21.