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Indiana Code Title 5. State and Local Administration § 5-26-4-1

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

Sec. 1. (a) The integrated public safety communications fund is established to be used only to carry out the purposes of this article.  The fund shall be administered by the commission.

(b) The fund consists of:

(1) appropriations from the general assembly;

(2) gifts;

(3) federal grants;

(4) fees and contributions from user agencies that the commission considers necessary to maintain and operate the system;

(5) amounts distributed to the fund under IC 9;  and

(6) money from any other source permitted by law.

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

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

(e) If federal funds are not sufficient to pay for the system, the commission shall transfer money from the fund to the communications system infrastructure fund established by IC 5-26-5-4 in amounts sufficient to pay rentals and other obligations under use and occupancy agreements or other contracts or leases relating to the financing of the system under IC 4-13.5.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-26-4-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-26-4-1/

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