Indiana Code 14-22-4-6. Purpose of fund
(1) all of the accumulated earnings in the fund; plus
Terms Used In Indiana Code 14-22-4-6
- fund: refers to the lifetime hunting, fishing, and trapping license trust fund established by this chapter. See Indiana Code 14-22-4-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
shall be transferred to the fish and wildlife fund to maintain the automated point of sale licensing system implemented under IC 14-22-12-7.5. Any unused part of the transfer under this subsection may be used for the other purposes specified in IC 14-22-3-5(a).
(b) The director:
(1) with the approval of the commission;
(2) with the approval of the budget agency; and
(3) after review by the budget committee;
may use money in the fund to acquire real property that will be used and managed for hunting and fishing. The money used under this subsection to acquire real property may not exceed fifty percent (50%) of the appraised value of the real property.
(c) The money in the fund may be used only for the purposes authorized in this section.
[Pre-1995 Recodification Citation: 14-3-1-16.5(d).]
As added by P.L.1-1995, SEC.15. Amended by P.L.186-2003, SEC.58; P.L.132-2006, SEC.1.