Sec. 30. (a) Money in the accounts of the fund, other than the stewardship account, may be used for the following:

(1) Acquisition costs, such as costs of surveying, title insurance, and other activities associated with the transfer of title to property.

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Terms Used In Indiana Code 14-12-2-30

  • Appraisal: A determination of property value.
  • fund: refers to the President Benjamin Harrison conservation trust fund established by section 25 of this chapter. See Indiana Code 14-12-2-2
  • project: means an undertaking that:

    Indiana Code 14-12-2-4

  • property: means an interest in real property. See Indiana Code 14-12-2-6
(2) Costs of services and expenses related to acquisition, such as engineering, appraisal, environmental, accounting, project development, and legal services and expenses.

     (b) Money in the fund may not be used for the following:

(1) The costs of construction of structures other than those authorized under section 26(a)(6) of this chapter.

(2) The costs of removal (as defined in IC 13-11-2-187) and remedial action (as defined in IC 13-11-2-185) relating to hazardous substances (as defined in IC 13-11-2-98).

(3) The costs of wastewater treatment.

[Pre-1995 Recodification Citation: 14-3-20-32.]

As added by P.L.1-1995, SEC.5. Amended by P.L.1-1996, SEC.62; P.L.172-2016, SEC.28.