Indiana Statutes
§ 8-21-11-4 — Grant fund; revolving loan fund; administration
(a)The airport development grant fund and the
airport development revolving loan fund are established for the
purposes of this chapter. The department shall administer the two (2)
funds.
(b)The department shall pay the expenses of administering the
funds.
(c)The treasurer of state shall invest the money in each 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 that earns the
interest.
(d)Money in a fund at the end of a state fiscal year does not revert
to the state general fund.
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Legislative History
As added by P.L.34-1990, SEC.2.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed