Sec. 1.1. (a) As used in this section, “fund” refers to the STREAM act fund established by subsection (b).

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Terms Used In Indiana Code 14-34-19-1.1

  • 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 STREAM act fund is established for the following purposes:

(1) Acid mine drainage, abatement, and treatment.

(2) Subsidence prevention, abatement, and control.

(3) Coal mine fire prevention, abatement, and control.

     (c) The fund consists of the following:

(1) Accrued interest and other investment earnings of the fund.

(2) Gifts, grants, donations, or appropriations from any source.

     (d) The department shall administer the fund.

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

     (f) 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 money may be invested. Interest that accrues from these investments must be deposited in the fund.

     (g) Money in the fund is continuously appropriated for purposes of the fund.

As added by P.L.164-2024, SEC.20.

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