Indiana Code 4-10-18-12. Appropriation to underground petroleum storage tank excess liability trust fund
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Sec. 12. If the amount of money in the petroleum storage tank excess liability trust fund established by IC 13-23-7-1 reaches zero (0), ten million dollars ($10,000,000) shall be transferred to the petroleum storage tank excess liability trust fund from the fund if the:
(2) budget committee approves the appropriation.
(1) petroleum storage tank financial assurance board, established by IC 13-23-11-1, recommends that the appropriation should be made; and
Terms Used In Indiana Code 4-10-18-12
- 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
- Fund: means the counter-cyclical revenue and economic stabilization fund established under this chapter. See Indiana Code 4-10-18-1
As added by P.L.13-1990, SEC.2. Amended by P.L.1-1996, SEC.24; P.L.113-2014, SEC.3; P.L.176-2023, SEC.1.