§ 9-18.5-28-5 — Capital projects fund

Indiana § 9-18.5-28-5

• Jurisdiction: Indiana
• Title 9: MOTOR VEHICLES
• Art. 18.5: DISTINCTIVE LICENSE PLATES
• Ch. 28: National Football League Franchised Professional

Text

(a) The capital projects fund is established.
(b) The treasurer of state shall invest the money in the capital
projects fund not currently needed to meet the obligations of the capital
projects fund in the same manner as other public funds are invested.
Money in the fund is continuously appropriated for the purposes of this
section.
(c) The budget director shall administer the capital projects fund.
Expenses of administering the capital projects fund shall be paid from
money in the capital projects fund.
(d) On:
(1) June 30 of every year; or
(2) any other date designated by the budget director;
an amount designated by the budget director shall be transferred from
the fund to the state general fund, a capital improvement board of
managers created by IC 36-10-9, or the designee chosen by the budget
director under IC 5-1-17-28.
(e) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
[Pre-2016 Revision Citation: 9-18-49-5.]

Legislative History

As added by P.L.198-2016, SEC.327.