Indiana Code 4-4-38.5-11. Rural broadband fund
(1) awarding grants under:
Terms Used In Indiana Code 4-4-38.5-11
- 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.
- fund: refers to the rural broadband fund established by section 11 of this chapter. See Indiana Code 4-4-38.5-5
- office: refers to the office of community and rural affairs established by Indiana Code 4-4-38.5-6
(B) IC 4-4-38 before August 1, 2019;
(2) providing financial assistance under the program established by the office under section 10.5 of this chapter for expenses described in section 10.5(b) of this chapter incurred before July 1, 2025;
(3) providing funding for the creation and annual maintenance of the public broadband portal created and administered by the office under IC 4-4-41-8; and
(4) awarding grants under the Indiana broadband connectivity program under IC 4-4-41.
(b) The office shall administer the fund.
(c) The fund consists of:
(1) money appropriated by the general assembly;
(2) money received by the office from federal grants or programs for broadband infrastructure; and
(3) donations, gifts, and money received from any other source, including transfers from other funds or accounts.
(d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested.
(e) Money in the fund at the end of a state fiscal year does not revert to the state general fund but remains in the fund to be used exclusively for the purposes of this chapter and IC 4-4-38.
As added by P.L.189-2019, SEC.7. Amended by P.L.89-2021, SEC.9; P.L.137-2021, SEC.16; P.L.158-2021, SEC.1.