Sec. 10. (a) The “energy development fund” is established as a dedicated fund to be administered by the office. Money in the fund shall be expended by the office exclusively to effect the provisions of this chapter and may include administrative costs.

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Terms Used In Indiana Code 4-23-5.5-10

  • 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.
  • office: refers to the Indiana office of energy development established by IC 4-3-23-3. See Indiana Code 4-23-5.5-1
     (b) All money received by the office for deposit in the energy development fund shall be deposited in the fund.

     (c) No portion of the fund shall revert to the general fund of the state at the end of a fiscal year. However, if the fund is abolished its contents shall revert to the general fund of the state.

     (d) All money accruing to the fund is appropriated continuously for the purposes specified in this chapter.

As added by Acts 1980, P.L.20, SEC.1. Amended by P.L.36-1983, SEC.3; P.L.10-1990, SEC.7; P.L.27-1993, SEC.14; P.L.34-2013, SEC.8.

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