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Ind. Code § 12-21-9-6

Sources of funds; investment; nonreverting fund; appropriation

As added by P.L.152-2024, SEC.4.

Sec. 6. (a) The fund consists of:

(1) money received from state or federal grants or programs; and

(2) gifts, money, and donations received from any other source, including transfers from other funds or accounts.

(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 money 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 state fiscal year does not revert to the state general fund.

(d) Money in the fund is continuously appropriated for purposes of this chapter.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.