Indiana Code 20-40-14-2. Disbursement without appropriation
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Sec. 2. Both:
(2) any earnings on money received for specific purposes, by gift, endowment, or under a federal statute;
(1) money received for specific purposes, by gift, endowment, or under a federal statute; and
Terms Used In Indiana Code 20-40-14-2
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Statute: A law passed by a legislature.
may be disbursed without appropriation.
[Pre-2006 Recodification Citation: 21-2-11-6 part.]
As added by P.L.2-2006, SEC.163.