Sec. 14.9. (a) As used in this section, “account” refers to the state bicentennial capital account established by subsection (c).

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 4-12-1-14.9

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
     (b) As used in this section, “bicentennial commission” refers to the Indiana 2016 bicentennial commission established by IC 4-23-33-3 (expired).

     (c) The state bicentennial capital account is established within the state general fund for the purposes set forth in subsection (f). The account shall be administered by the budget agency. The account consists of the following:

(1) Money transferred to the account under IC 4-13-1-4(10).

(2) Appropriations, if any, made by the general assembly.

(3) Grants and gifts intended for deposit in the account.

(4) Any earnings on money in the account.

     (d) The expenses of administering the account shall be paid from money in the account.

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

     (f) Money in the account may be used only for capital projects that commemorate the bicentennial of Indiana’s statehood.

     (g) The budget agency shall consult with the bicentennial commission in making a determination to expend money from the account for the purposes under subsection (f).

As added by P.L.213-2015, SEC.46. Amended by P.L.189-2018, SEC.10.

  Previous section
Next section  
 Chapter 1 Contents