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Indiana Code Title 5. State and Local Administration § 5-14-4-14

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

Sec. 14. (a) An education fund is established to provide funds for the program established under section 10(1) of this chapter.

(b) The fund consists of the following:

(1) Civil penalties collected under IC 5-14-1.5-7.5 and IC 5-14-3-9.5.

(2) Money appropriated by the general assembly.

(3) Grants, gifts, contributions, and money received from any other source.

(c) The treasurer of state shall administer the fund.  The following may be paid from money in the fund:

(1) Expenses of administering the fund.

(2) Nonrecurring administrative expenses incurred to carry out the purposes of this section.

(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund.

(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 funds may be invested.  Interest that accrues from these investments shall be deposited in the fund.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-14-4-14 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-14-4-14/

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