Sec. 24. (a) The underground plant protection account is established to provide funding for the following programs established and administered by the commission:

(1) Public awareness programs concerning underground plant protection.

Terms Used In Indiana Code 8-1-26-24

  • account: refers to the underground plant protection account established by section 24 of this chapter. See Indiana Code 8-1-26-1.3
  • commission: refers to the Indiana utility regulatory commission. See Indiana Code 8-1-1-1
  • 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.
(2) Training and educational programs for contractors, excavators, locators, operators, and other persons involved in underground plant protection.

(3) Incentive programs for contractors, excavators, locators, operators, and other persons involved in underground plant protection to reduce the number of violations of this chapter.

     (b) The commission shall administer the account.

     (c) The treasurer of state shall invest money in the account not currently needed to meet the obligations of the account in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the account.

     (d) Money in the account at the end of a state fiscal year does not revert to the state general fund.

     (e) The expenses of administering the account shall be paid from money in the account.

     (f) The account consists of penalties deposited under section 23(k) of this chapter.

As added by P.L.62-2009, SEC.20. Amended by P.L.1-2010, SEC.43.

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