Sec. 2. (a) The 1396r(h) fund is established to receive money collected under this chapter. The state department shall administer the fund.

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Terms Used In Indiana Code 16-28-12-2

  • 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 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 funds may be invested. Interest that accrues from these investments shall be deposited in the fund.

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

     (d) The state department shall use the principal and interest in the fund in accordance with 42 U.S.C. § 1396r(h)(2)(A)(ii).

[Pre-1993 Recodification Citation: 16-10-4.1-3.]

As added by P.L.2-1993, SEC.11.

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