Indiana Code 4-13-1.7-11. Revolving fund; establishment

Sec. 11. (a) With the approval of the state board of finance, a revolving fund may be established for the department to expedite transfers under this chapter.

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Terms Used In Indiana Code 4-13-1.7-11

department: refers to the Indiana department of administration created by IC 4-13-1-2. See Indiana Code 4-13-1.7-2
governmental body: has the meaning set forth in IC 5-22-2-13. See Indiana Code 4-13-1.7-4
supplies: has the meaning set forth in IC 5-22-2-38. See Indiana Code 4-13-1.7-5
transfer: includes the sale, conditional sale, lease with option to purchase, lease, contract for use, grant, or gift. See Indiana Code 4-13-1.7-6

(b) The fund established under this section shall be reimbursed from the governmental body receiving the transfer of the federal surplus supplies.

As added by P.L.49-1997, SEC.11.

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