Indiana Code 4-12-6-4. Distribution of money from account
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Terms Used In Indiana Code 4-12-6-4
- account: refers to the biomedical technology and basic research account established by section 3 of this chapter. See Indiana Code 4-12-6-1
- 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
Sec. 4. Subject to appropriation by the general assembly, review by the budget committee, and approval by the budget agency, the treasurer of state shall distribute money from the account to public and private entities to support biomedical technology and basic research initiatives, giving priority to initiatives that address tobacco related illnesses and that leverage matching dollars from federal or private sources.
As added by P.L.21-2000, SEC.4. Amended by P.L.291-2001, SEC.62.