Indiana Code 4-23-2.5-15. Allocation of money from fund; use of interest and dividends by commission
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Sec. 15. (a) The commission has the sole authority to allocate money from the fund to arts providers in Indiana.
(c) The commission may not use money from the fund to purchase land or structures.
(b) Subject to other provisions of this chapter, when there is one million dollars ($1,000,000) in the fund there is annually appropriated to the commission all interest and dividend earnings of the fund for projects that the commission designates to accomplish the purposes of the commission under IC 4-23-2.
Terms Used In Indiana Code 4-23-2.5-15
- commission: refers to the Indiana arts commission established by IC 4-23-2. See Indiana Code 4-23-2.5-2
- fund: refers to the Indiana arts commission trust fund established by section 4 of this chapter. See Indiana Code 4-23-2.5-3
As added by P.L.29-1997, SEC.1. Amended by P.L.103-2006, SEC.1.