Indiana Code 4-12-8.5-3. Regional health care construction account; established
(1) amounts, if any, that any statute requires to be distributed to the account from the Indiana tobacco master settlement agreement fund;
Terms Used In Indiana Code 4-12-8.5-3
- account: refers to the regional health care construction account established within the Indiana tobacco master settlement agreement fund by section 3 of this chapter. See Indiana Code 4-12-8.5-1
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Statute: A law passed by a legislature.
(3) grants, gifts, and donations intended for deposit in the account.
(b) The budget agency shall administer the account. Money in the account at the end of a state fiscal year does not revert to the state general fund but remains available for expenditure.
(c) Money in the account may be used for:
(1) the construction, equipping, renovation, demolition, refurbishing, or alteration of existing or new state hospitals, regional health centers, or other health facilities; or
(2) lease rentals to the Indiana finance authority under IC 4-13.5 or other public or private providers of such facilities.
(d) Money in the account shall be used to pay any outstanding lease rentals before making any other payments from the account.
(e) Money in the account is annually appropriated for the purposes described in this chapter.
As added by P.L.291-2001, SEC.72. Amended by P.L.224-2003, SEC.118; P.L.235-2005, SEC.53.