Sec. 7. (a) The correctional facilities calling system fund is established for the purposes of improving, repairing, rehabilitating, and equipping department of correction facilities. The fund consists of the following:

(1) Money deposited in the fund under section 5(d) of this chapter.

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Terms Used In Indiana Code 5-22-23-7

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
(2) Money appropriated by the general assembly.

(3) Money received from any other source.

     (b) The department of correction shall administer the fund.

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

     (d) Money in the fund may not be spent unless the general assembly includes a specific line item appropriation in the budget bill or otherwise specifically appropriates the money in the fund.

     (e) 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.

     (f) 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.65-2002, SEC.1.