Sec. 1. (a) The dealer compliance account is established as a separate account to be administered by the secretary. The funds in the account must be available, with the approval of the budget agency, for use in enforcing and administering this article.

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Terms Used In Indiana Code 9-32-7-1

  • 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.
     (b) The expenses of administering this article shall be paid from money in the account.

     (c) The treasurer of state shall invest the money in the dealer compliance account not currently needed to meet the obligations of the account in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the account.

     (d) The dealer compliance account consists of the following:

(1) Money deposited under:

(A) IC 9-32-6;

(B) IC 9-32-6.5; and

(C) section 3(1) of this chapter.

(2) Appropriations to the account from other sources.

(3) Grants, gifts, donations, or transfers intended for deposit in the account.

(4) Interest that accrues from money in the account.

     (e) Money in the dealer compliance account at the end of a state fiscal year does not revert to the state general fund.

     (f) Money in the dealer compliance account is continuously appropriated to the secretary for the purposes of the account.

As added by P.L.92-2013, SEC.78. Amended by P.L.174-2016, SEC.68; P.L.179-2017, SEC.55.

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