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Indiana Code Title 4. State Offices and Administration § 4-12-1-22

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 22. (a) Except as provided in subsection (b), as used in this section, “dedicated fund” means a fund established separate from the state general fund for:

(1) the use of a particular state agency;

(2) the deposit of a particular state revenue source;  or

(3) the purposes of a particular state purpose or a particular state program.

(b) The term does not include any of the following:

(1) A fund established for the purpose of administering a federal program or a fund established for the deposit of money received from the federal government.

(2) The public deposit insurance fund maintained by the board for depositories under IC 5-13.

(3) A trust fund.

(4) A fund that is subject to a statutorily required minimum balance.

(c) Before October 1 of each even-numbered year, the budget agency shall prepare a list of dedicated funds from which no expenditures were made in the previous two (2) state fiscal years.  The list must include the following information for each dedicated fund:

(1) The name of the fund.

(2) The legal fund balance on June 30 of the previous state fiscal year.

(3) Citation of the statute or other authority for establishing the fund.

(d) Before October 1 of each even-numbered year, the budget agency shall:

(1) make any appropriate recommendations concerning the listed dedicated funds;  and

(2) submit the list prepared under subsection (c) and any recommendations made under subdivision (1) in an electronic format under IC 5-14-6 to the legislative council and to the budget committee.

(e) If the list required by this section is not submitted by October 1 of an even-numbered year, the budget committee may request that the budget agency appear at a public meeting concerning the list.

(f) Notwithstanding any other law, any remaining balance in a dedicated fund identified on the list submitted under subsection (d) reverts to the state general fund at the end of the state fiscal year in which the list is submitted.

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-12-1-22 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-12-1-22/

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