Sec. 3. (a) The spinal cord and brain injury fund is established to fund research on spinal cord and brain injuries.

     (b) The fund shall be administered by the state department.

Terms Used In Indiana Code 16-41-42.2-3

  • 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.
  • fund: refers to the spinal cord and brain injury fund established by section 3 of this chapter. See Indiana Code 16-41-42.2-2
     (c) The fund consists of:

(1) appropriations;

(2) gifts and bequests;

(3) fees deposited in the fund by law; and

(4) grants received from the federal government or private sources.

     (d) The expenses of administering the fund shall be paid from 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.

     (g) The money in the fund is continually appropriated to the state department to fund the purposes specified in section 4 of this chapter.

As added by P.L.3-2008, SEC.113. Amended by P.L.97-2008, SEC.5; P.L.200-2015, SEC.2.