Indiana Code 4-13-1.7-11. Revolving fund; establishment
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Sec. 11. (a) With the approval of the state board of finance, a revolving fund may be established for the department to expedite transfers under this chapter.
(b) The fund established under this section shall be reimbursed from the governmental body receiving the transfer of the federal surplus supplies.
As added by P.L.49-1997, SEC.11.
Terms Used In Indiana Code 4-13-1.7-11
- department: refers to the Indiana department of administration created by IC 4-13-1-2. See Indiana Code 4-13-1.7-2
- governmental body: has the meaning set forth in IC 5-22-2-13. See Indiana Code 4-13-1.7-4
- supplies: has the meaning set forth in IC 5-22-2-38. See Indiana Code 4-13-1.7-5
- transfer: includes the sale, conditional sale, lease with option to purchase, lease, contract for use, grant, or gift. See Indiana Code 4-13-1.7-6