Sec. 4. (a) The livestock industry promotion and development fund is established as a dedicated fund to be administered by the department.

lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 15-11-5-4

  • 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 livestock industry promotion and development fund established by section 4(a) of this chapter. See Indiana Code 15-11-5-2
  • livestock: includes the following:

    Indiana Code 15-11-5-1

     (b) Money in the fund must be spent by the department:

(1) exclusively for the purposes described in this chapter and IC 15-11-14, including administrative expenses; and

(2) throughout Indiana.

     (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.

     (d) There is annually appropriated to the department the entire amount of money in the fund for the use of the department in carrying out the purposes of this chapter.

     (e) The department may solicit grants and gifts from public or private sources for the fund.

[Pre-2008 Recodification Citation: 4-4-3.2-3(a) part; (b); (c); (d).]

As added by P.L.2-2008, SEC.2. Amended by P.L.133-2015, SEC.1; P.L.202-2015, SEC.1.

  Previous section
Next section  
 Chapter 5 Contents