Indiana § 8-14-11-8 Establishment of fund; administration

Indiana Statutes

§ 8-14-11-8 — Establishment of fund; administration

Indiana·Art. 14 HIGHWAY FINANCES·Ch. 11 Local Bridge Grant Fund

(a)The local bridge grant fund is established to:

(1)provide grants to counties for the construction and reconstruction of local bridges; and

(2)pay the costs of administering this chapter. The fund shall be administered by the department.

(b)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.

(c)Money in the fund at the end of a fiscal year does not revert to the state general fund.

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(a) The local bridge grant fund is established
to:
(1) provide grants to counties for the construction and
reconstruction of local bridges; and
(2) pay the costs of administering this chapter.
The fund shall be administered by the department.
(b) 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.
(c) Money in the fund at the end of a fiscal year does not revert to
the state general fund.

Indiana § 8-14-11-8 (Establishment of fund; administration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.