Indiana Code 5-10-9.8-2. Establishment of fund; source of funding; administration; investment; nonreversion
(1) IC 5-10-10.
Terms Used In Indiana Code 5-10-9.8-2
- 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.
(3) IC 10-12-6.
(4) IC 36-8-6-20.
(5) IC 36-8-7-26.
(6) IC 36-8-7.5-22.
(7) IC 36-8-8-20.
(b) The fund consists of:
(1) appropriations by the general assembly;
(2) fees remitted to the board under IC 35-33-8-3.2, IC 5-10-10-4.5, IC 5-10-10-4.8, and IC 5-10-10-4.9;
(3) contributions from employers;
(4) gifts; and
(5) interest or other investment income earned on money in the fund.
(c) The fund shall be administered by the board. The expenses of administering the fund shall be paid from money in the fund.
(d) The board shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as the board’s other funds 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.
As added by P.L.40-2017, SEC.1. Amended by P.L.99-2020, SEC.2.