§ 5-28-14-6 — Trade promotion fund

Indiana § 5-28-14-6

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 14: Promotion of Trade Shows

Text

(a) The trade promotion fund is established
within the state treasury as a dedicated fund. Money in the fund must
be spent by the corporation exclusively for the purposes described in
this chapter.
(b) The fund consists of appropriations from the general assembly.
(c) The corporation 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 chapter.
(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. Interest that accrues
from these investments shall be deposited in the state general fund.

Legislative History

As added by P.L.4-2005, SEC.34.