Indiana § 5-26-4-1 Establishment; contents; investment; reversion; transfer of money to
other funds

Indiana Statutes

§ 5-26-4-1 — Establishment; contents; investment; reversion; transfer of money to other funds

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 26 PUBLIC SAFETY COMMUNICATIONS·Ch. 4 Integrated Public Safety Communications Fund

(a)The integrated public safety communications fund is established to be used only to carry out the purposes of this article. The fund shall be administered by the commission.

(b)The fund consists of:

(1)appropriations from the general assembly;

(2)gifts;

(3)federal grants;

(4)fees and contributions from user agencies that the commission considers necessary to maintain and operate the system;

(5)amounts distributed to the fund under IC 9; and

(6)money from any other source permitted by law.

(c)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.

(d)Money in the fund at the end of a stat

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The integrated public safety communications
fund is established to be used only to carry out the purposes of this
article. The fund shall be administered by the commission.
(b) The fund consists of:
(1) appropriations from the general assembly;
(2) gifts;
(3) federal grants;
(4) fees and contributions from user agencies that the commission
considers necessary to maintain and operate the system;
(5) amounts distributed to the fund under IC 9; and
(6) money from any other source permitted by law.
(c) 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.
(d) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
(e) If federal funds are not sufficient to pay for the system, the
commission shall transfer money from the fund to the communications
system infrastructure fund established by IC 5-26-5-4 in amounts
sufficient to pay rentals and other obligations under use and occupancy
agreements or other contracts or leases relating to the financing of the
system under IC 4-13.5.

Indiana § 5-26-4-1 (Establishment; contents; investment; reversion; transfer of money to other funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.