Sec. 15. (a) The
controlled substance tax fund is established to receive all the revenue collected by the
department under this chapter.
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Terms Used In Indiana Code 6-7-3-15
- controlled substance: has the meaning set forth in IC 35-48-1-9. See Indiana Code 6-7-3-1
- department: refers to the department of state revenue. See Indiana Code 6-7-3-3
- 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.
(c) Any revenue remaining in the fund at the end of a state fiscal year does not revert to the state general fund.
(d) Money in the fund is annually appropriated to cover the department’s administrative and enforcement expenses under this chapter and to make the distributions required by this chapter.
As added by P.L.50-1992, SEC.1.
