Indiana Code 4-12-16-5. Use of money in the fund
Current as of: 2023 | Check for updates
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Sec. 5. (a) A state agency may use the money in the fund after appropriation of the money in the fund by the general assembly.
(c) The proceeds of a particular settlement, assurance of voluntary compliance, or other form of agreement that are deposited in the fund must be used by the state agency according to any court order that applies to the settlement, assurance of voluntary compliance, or other form of agreement.
(b) The budget agency shall report to the budget committee on each request for augmentation the budget agency receives that is for an amount that exceeds one hundred thousand dollars ($100,000).
Terms Used In Indiana Code 4-12-16-5
- 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: refers to the agency settlement fund established by section 2 of this chapter. See Indiana Code 4-12-16-1
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
As added by P.L.217-2017, SEC.39. Amended by P.L.201-2023, SEC.69.