Indiana Code 22-10-12-16. Mine safety fund; establishment; administration
(b) The department of labor shall administer the fund.
Terms Used In Indiana Code 22-10-12-16
- Board: refers to the mining board established under Indiana Code 22-10-3-1
- 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.
- Mine: means an underground commercial coal mine. See Indiana Code 22-10-3-1
(1) assessments collected by the mining board under IC 22-10-1.5-5(a)(4) and deposited into the fund;
(2) fees:
(A) from examinations under IC 22-10-3-10(h);
(B) for duplicate certificates under IC 22-10-3-11(a); and
(C) from applicants for a certificate under IC 22-10-3-13(d); and
(3) interest from investments as accrued and deposited under subsection (d).
(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 money may be invested. Interest that accumulates from these investments shall be deposited into the fund.
(e) 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.187-2003, SEC.3. Amended by P.L.35-2007, SEC.23; P.L.10-2012, SEC.6.