Indiana Code 31-25-4-29. Child support enforcement revolving funds
(b) The amount of money to be deposited in a revolving fund established under this section shall be determined by the budget director. The budget agency shall annually review each revolving fund for the purpose of determining whether the fund’s current level is adequate for the purpose of making disbursements described in subsection (c) and shall report to the budget director recommendations regarding changes in the amount of the fund. The budget director may authorize an increase or a decrease in the fund.
Terms Used In Indiana Code 31-25-4-29
- bureau: refers to the child support bureau established by IC 31-25-3-1. See Indiana Code 31-25-4-1
- 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.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(1) For payment of expenses incurred by the division in the collection of child support under this chapter.
(2) To enable the bureau to participate in child support collection projects offered by other units of government or the private sector.
(d) The bureau shall do the following:
(1) Request the budget agency to allocate, as needed, money from the revolving fund for the purposes described in subsection (c).
(2) Keep complete financial records of all transactions.
(3) Prepare, before the beginning of each fiscal year, an annual budget of proposed expenditures from the revolving funds.
(e) The bureau shall submit an annual budget to the budget agency for approval under subsection (d), and an expenditure in excess of the approved budget may not be made without the approval of the budget agency.
(f) Money in a revolving fund established under this section does not revert to any other fund at the end of a state fiscal year.
(g) The treasurer of state may invest the money in a revolving fund established under this section in the manner provided by law for investing money in the state general fund.
As added by P.L.145-2006, SEC.271.