Sec. 10. (a) The motor fuel inspection fund is established for the purpose of facilitating compliance with and enforcement of this chapter. The state department shall administer the fund.

     (b) The fund consists of the fees collected under section 9 of this chapter.

Terms Used In Indiana Code 16-44-3-10

  • 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.
  • motor fuel: means gasoline or gasoline-oxygenate blends suitable for use as a fuel in a motor vehicle. See Indiana Code 16-44-3-2
     (c) The expenses of administering the fund shall be paid from the money in the fund.

     (d) 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 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.

[Pre-1993 Recodification Citation: 16-6-13-13.]

As added by P.L.2-1993, SEC.27.

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