Sec. 12. (a) The best practices fund is established for the purpose of providing matching grants to political subdivisions and volunteer fire departments to purchase equipment and other gear to implement best practices established under section 11 of this chapter.
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Terms Used In Indiana Code 36-8-10.5-12
- education board: refers to the board of firefighting personnel standards and education. See Indiana Code 36-8-10.5-2
- 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.
(c) The fund consists of:
(1) appropriations from the general assembly; and
(2) amounts deposited from any other public or private source.
(d) The expenses of administering the fund shall be paid from money in the fund.
(e) The treasurer of state shall invest the money in the fund not currently needed to meet 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.
(f) Money in the fund at the end of the state fiscal year does not revert to the state general fund.
(g) The education board shall adopt rules under IC 4-22-2 to implement this section.
As added by P.L.72-2020, SEC.3.
