Sec. 25. (a) The President Benjamin Harrison conservation trust fund is established for the purpose of purchasing property as provided in this chapter.

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Terms Used In Indiana Code 14-12-2-25

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
  • fund: refers to the President Benjamin Harrison conservation trust fund established by section 25 of this chapter. See Indiana Code 14-12-2-2
  • property: means an interest in real property. See Indiana Code 14-12-2-6
     (b) The fund consists of the following:

(1) Appropriations made by the general assembly.

(2) Interest as provided in subsection (e).

(3) Fees from environmental license plates issued under IC 9-18-29 (before its expiration) or IC 9-18.5-13.

(4) Money donated to the fund.

(5) Money transferred to the fund from other funds.

     (c) The department shall administer the fund. The director must approve any purchase of property using money from the fund.

     (d) The expenses of administering the fund and this chapter shall be paid from the fund.

     (e) 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 trust funds are invested. Interest that accrues from these investments shall be deposited in the fund.

     (f) An appropriation made by the general assembly to the fund shall be allotted and allocated at the beginning of the fiscal period for which the appropriation was made.

     (g) Money in the fund at the end of a state fiscal year does not revert to the state general fund or any other fund.

     (h) Subject to this chapter, there is annually appropriated to the department all money in the fund for the purposes of this chapter.

[Pre-1995 Recodification Citation: 14-3-20-27.]

As added by P.L.1-1995, SEC.5. Amended by P.L.172-2016, SEC.24; P.L.198-2016, SEC.637.

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