Indiana Code 16-46-16.5-4. Establishment of fund; source of funding; administration
(b) The fund consists of:
Terms Used In Indiana Code 16-46-16.5-4
- 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.
- grant program: refers to the prevention and addressing of health issues and challenges grant program established by section 3 of this chapter. See Indiana Code 16-46-16.5-1
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) money received from state or federal grants or programs; and
(3) gifts, money, and donations received from any other source, including transfers from other funds or accounts.
(c) The expenses of administering the fund shall be paid from 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 money may be invested. Interest that accrues from the investments shall be deposited in the fund.
(e) Money in the fund at the end of the state fiscal year does not revert to the state general fund or to any other fund in the case of an appropriation made to the program from a fund other than the state general fund. In addition, if there is an appropriation for the program for a state fiscal year, the money appropriated shall be transferred to the fund at the beginning of the state fiscal year for which the appropriation is made.
As added by P.L.110-2021, SEC.4.