Sec. 5. (a) The certificate of free sale fund is established for the purpose of carrying out this chapter. The state department shall administer the fund.

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Terms Used In Indiana Code 16-42-18.5-5

  • certificate of free sale: means a document that:

    Indiana Code 16-42-18.5-1

  • 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.
     (b) The fund consists of fees collected under section 4(b) of this chapter.

     (c) The expenses of the certificate of free sale program shall be paid from money in the fund.

     (d) 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.143-2022, SEC.49.

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