Sec. 9. (a) The Indiana state veterans’ cemetery fund is established as a dedicated fund for the purpose of providing money for planning, construction, operation, and maintenance of the cemetery. The fund shall be administered by the director of veterans’ affairs.

     (b) The expenses of administering the fund shall be paid from money in the fund. The fund consists of the following:

(1) Money appropriated by the general assembly for purposes of this chapter.

(2) Money donated to the department and designated for use under this chapter.

(3) Funds received from the federal government.

(4) Funds received in payment for services.

     (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 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. However, if the fund is abolished by the budget agency, all money in the fund reverts to the state general fund.

     (e) All earnings accruing to the state veterans’ cemetery fund is appropriated continuously for the purposes specified in this section.

     (f) Except as provided in subsection (e), money in the fund must be retained in the fund unless the money is appropriated for a specific purpose by the general assembly upon the recommendation of the budget committee.

[Pre-2003 Recodification Citation: 10-5-25-9.]

As added by P.L.2-2003, SEC.8.