Indiana Code 4-30-17-3. Establishment; purpose; administration; investment of funds
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Terms Used In Indiana Code 4-30-17-3
- 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.
Sec. 3. There is established the lottery surplus fund to receive deposits of surplus lottery revenues collected under this article. The fund shall be administered by the treasurer of state. The treasurer of state shall invest the money in the fund that is not needed to meet the obligations of the fund in the same manner as other public funds are invested. The state comptroller shall transfer the balance in the fund at the end of a state fiscal year to the state general fund.
As added by P.L.341-1989(ss), SEC.1. Amended by P.L.108-2019, SEC.61; P.L.9-2024, SEC.105.