Sec. 3.5. (a) The northeast Indiana strategic development fund is established for the purpose of carrying out this chapter. The fund shall be administered by the commission.

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Terms Used In Indiana Code 36-7-39-3.5

  • commission: means the northeast Indiana strategic development commission established by section 3 of this chapter. See Indiana Code 36-7-39-1
  • 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 fund consists of the following:

(1) Fees collected under this chapter.

(2) Appropriations.

(3) Gifts, contributions, and grants.

     (c) The expenses of administering the fund shall be paid from money in the fund.

     (d) 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 shall be deposited in the fund.

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

     (f) Money in the fund is continuously appropriated for the purposes set forth in this chapter.

     (g) Money in the fund may not be used for the purposes of expanding or increasing access to broadband.

As added by P.L.186-2023, SEC.1 and P.L.201-2023, SEC.278.

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