Sec. 9. (a) The office, with the approval of the governor, may accept on behalf of the state a gift or grant of money for a purpose specified in this chapter.

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Terms Used In Indiana Code 9-27-2-9

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • office: refers to the office of traffic safety. See Indiana Code 9-27-2-1
     (b) A gift or grant under this chapter shall be held by the treasurer of state in a special fund and expended in accordance with the terms of the gift or grant upon proper warrant or voucher drawn by the office.

[Pre-1991 Recodification Citation: 9-6-2-7.]

As added by P.L.2-1991, SEC.15.

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