Sec. 35. (a) The state library publications fund is established as a dedicated fund to be administered by the state library. The monies in the fund may be expended by the director of the state library exclusively for the purchase of records of communication in any form or on any substance whatsoever and for the purchase of other library materials.

     (b) The proceeds from the sale of items as directed by law or by the director of the state library, from gifts of money or the proceeds from the sale of gifts donated to the fund, from fines or other monetary penalties, and from investment earnings from any portion of the fund, shall be deposited in the state library publications fund.

Terms Used In Indiana Code 4-23-7.1-35

  • Director: means director of the Indiana state library. See Indiana Code 4-23-7.1-1
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • State library: means the Indiana state library established by IC 4-23-7-3. See Indiana Code 4-23-7.1-1
     (c) All monies accruing to the state library publications fund are hereby appropriated continuously for the purposes specified in this section.

     (d) No portion of the fund shall revert to the general fund of the state at the end of a fiscal year; however, if the fund is abolished, its contents shall revert to the general fund of the state.

As added by Acts 1981, P.L.40, SEC.7.

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