Sec. 6. (a) The semiquincentennial trust fund is established.

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Terms Used In Indiana Code 9-18.5-36-6

  • 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.
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) The treasurer of state shall invest the money in the semiquincentennial trust fund not currently needed to meet the obligations of the semiquincentennial trust fund in the same manner as other public funds are invested. Interest that accrues from these investments shall be deposited in the semiquincentennial trust fund. Money in the semiquincentennial trust fund is continuously appropriated for the purposes of this section.

     (c) The bureau shall administer the semiquincentennial trust fund. Expenses of administering the semiquincentennial trust fund shall be paid from money in the trust fund.

     (d) The bureau shall distribute at least one (1) time each month the money from the semiquincentennial trust fund to the semiquincentennial commission established under IC 4-23-34. Money transferred to the semiquincentennial commission shall be used only for the duties of the commission under IC 4-23-34-10.

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

As added by P.L.154-2024, SEC.1.

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