Sec. 13. (a) The funeral service education fund is established for the following purposes:
(1) To supplement the funding for a program of inspection administered by the funeral director, consumer, and Indiana department of health members of the board under section 9 of this chapter.
(2) To fund educational projects of the funeral director, consumer, and Indiana department of health members of the board directed toward funeral directors and embalmers.
(3) To carry out the duties of the board.
(b) The fund shall be administered by the funeral director, consumer, and Indiana department of health members of the board.
(c) 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.
(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund. If the amount of money in the fund at the close of a fiscal year exceeds forty thousand dollars ($40,000), the treasurer of state shall transfer the excess from the fund into the state general fund.