Indiana § 5-33-6-5 Tourism information and promotion fund established

Indiana Statutes

§ 5-33-6-5 — Tourism information and promotion fund established

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 33 INDIANA DESTINATION DEVELOPMENT·Ch. 6 Tourism Information and Promotion Fund

(a)The tourism information and promotion fund is established within the state treasury. The fund shall be used for the purposes of this chapter.

(b)The fund consists of appropriations from the general assembly and gifts, donations, bequests, devises, and contributions received by the corporation.

(c)The corporation shall administer the fund. The following may be paid from money in the fund:

(1)Grants.

(2)Expenses of administering the fund.

(3)Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.

(4)Expenses incurred to promote heritage barns under section 11 of this chapter.

(d)The 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.

(e)The treasurer of state shall invest the money

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(a) The tourism information and promotion fund
is established within the state treasury. The fund shall be used for the
purposes of this chapter.
(b) The fund consists of appropriations from the general assembly
and gifts, donations, bequests, devises, and contributions received by
the corporation.
(c) The corporation shall administer the fund. The following may be
paid from money in the fund:
(1) Grants.
(2) Expenses of administering the fund.
(3) Nonrecurring administrative expenses incurred to carry out the
purposes of this chapter.
(4) Expenses incurred to promote heritage barns under section 11
of this chapter.
(d) The 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.
(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 state general fund.

Indiana § 5-33-6-5 (Tourism information and promotion fund established) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.