Indiana Code 21-16-2-2. EARN Indiana fund; established; administration
Current as of: 2023 | Check for updates
|
Other versions
Sec. 2. (a) The EARN Indiana fund is established to provide reimbursement to eligible employers who enter into agreements with the commission under this chapter.
(c) The expenses of administering the fund shall be paid from money in the fund.
(b) The fund consists of appropriations from the state general fund and contributions from private sources.
Terms Used In Indiana Code 21-16-2-2
- 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.
(d) 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 funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
(e) Money in the fund at the end of a particular fiscal year does not revert to the state general fund but remains available to be used for providing reimbursements under this chapter.
[Pre-2007 Higher Education Recodification Citation: 20-12-20.5-5.]
As added by P.L.2-2007, SEC.257. Amended by P.L.234-2007, SEC.49; P.L.272-2013, SEC.6.