Indiana § 8-21-11-4 Grant fund; revolving loan fund; administration

Indiana Statutes

§ 8-21-11-4 — Grant fund; revolving loan fund; administration

Indiana § 8-21-11-4

Art. 21AERONAUTICS

Ch. 11Airport Development Program

This text of Indiana § 8-21-11-4 (Grant fund; revolving loan fund; administration) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-21-11-4 (2026).

Text

(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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(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.