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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 10.5. (a) The carbon sequestration project program administrative fund is established for the purpose of defraying the cost of administrative expenses incurred by the department to manage and operate the carbon sequestration project program. The fund shall be administered by the department.
(b) The fund consists of the following:
(1) Money deposited in or distributed to the fund under this article.
(2) Donations, gifts, grants, and money received from any other source, including appropriations or transfers from other funds or accounts.
(c) The expenses of administering the fund shall be paid from money in the fund.
(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund. However, if the amount of money in the fund at the end of a particular fiscal year exceeds seven hundred fifty thousand dollars ($750,000), the treasurer of state shall transfer the excess in the fund to the state general fund.
Cite this article: FindLaw.com - Indiana Code Title 14. Natural and Cultural Resources § 14-39-2-10.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-14-natural-and-cultural-resources/in-code-sect-14-39-2-10-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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