Indiana Code 14-34-19-1.3. Acid mine drainage abatement and treatment fund
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Sec. 1.3. (a) As used in this section, “fund” refers to the acid mine drainage abatement and treatment fund established by subsection (b).
(c) The fund consists of the following:
(b) The acid mine drainage abatement and treatment fund is established for the purpose of the abatement of the causes and the treatment of the effects of acid mine drainage. The department shall administer the fund.
Terms Used In Indiana Code 14-34-19-1.3
- 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.
(1) Accrued interest and other investment earnings of the fund.
(2) Gifts, grants, donations, or appropriations from any source.
(d) Money in the fund does not revert to the state general fund at the end of a fiscal year.
(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. Interest that accrues from these investments shall be deposited in the fund.
As added by P.L.165-2011, SEC.27.