Sec. 14. (a) The hometown Indiana
fund is established to carry out the purposes of this chapter. The department shall administer the fund.
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Terms Used In Indiana Code 14-12-3-14
- 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 hometown Indiana fund established by this chapter. See Indiana Code 14-12-3-2
(c) 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, the money in the fund reverts to the state general fund.
[Pre-1995 Recodification Citation: 14-6-35-16.]
As added by P.L.1-1995, SEC.5.
