Sec. 14. (a) The Indiana battle flags fund is established to restore and preserve Indiana battle flags.

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Terms Used In Indiana Code 10-18-1-14

  • commission: refers to the Indiana war memorials commission established by section 2 of this chapter. See Indiana Code 10-18-1-1
  • 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.
     (b) The commission:

(1) shall administer the fund; and

(2) may spend the money in the fund for the purposes of the fund.

     (c) The expenses of administering the fund shall be paid from money in the fund.

     (d) 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 these investments shall be deposited in the fund.

     (e) All money accruing to the fund is appropriated continuously for the purposes of the fund.

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

[Pre-2003 Recodification Citation: 10-7-2-6.5.]

As added by P.L.2-2003, SEC.9. Amended by P.L.30-2013, SEC.1.

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