Indiana Code Title 25. Professions and Occupations § 25-8-3-30

Sec. 30. (a) The board shall implement a program to investigate and assess a civil penalty of not more than five hundred dollars ($500) against a licensee under this article for the following violations:

(b) An individual who is investigated by the board and found by the board to have committed a violation specified in subsection (a) may appeal the determination made by the board in accordance with IC 4-21.5.

(c) The state board of cosmetology and barber examiners compliance fund is established to provide funds for administering and enforcing the investigation of violations specified in subsection (a).  The fund shall be administered by the Indiana professional licensing agency.

(d) The expenses of administering the state board of cosmetology and barber examiners compliance fund shall be paid from the money in the fund.  The fund consists of penalties collected through investigations and assessments by the board concerning violations specified in subsection (a).

(e) 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.

(f) Except as otherwise provided in this subsection, money in the fund at the end of a state fiscal year does not revert to the state general fund.  If the total amount in the fund exceeds seven hundred fifty thousand dollars ($750,000) at the end of a state fiscal year after payment of all claims and expenses, the amount that exceeds seven hundred fifty thousand dollars ($750,000) reverts to the state general fund.