Sec. 12. (a) The invasive species council fund is established as a separate fund in the Purdue University treasury to carry out the purposes of this chapter. The fund shall be administered by the council.

     (b) The fund consists of any of the following:

Terms Used In Indiana Code 15-16-10-12

  • council: refers to the invasive species council established by section 3 of this chapter. See Indiana Code 15-16-10-1
  • 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.
  • fund: refers to the invasive species council fund established by section 12 of this chapter. See Indiana Code 15-16-10-2
(1) Grants.

(2) Appropriations.

(3) Gifts and donations.

     (c) The expenses of administering the fund shall be paid from money in the fund.

     (d) The Purdue University treasurer 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 must be deposited in the fund.

     (e) Money in the fund may be used for purposes set forth in this chapter and to meet the expenses of administering this chapter.

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

As added by P.L.23-2009, SEC.1.

  Previous section
Next section  
 Chapter 10 Contents