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IC 14-20-16-2
the chief executive officer of the Indiana state museum and historic
sites corporation, from gifts of money or the proceeds from the sale
of gifts donated to the fund, and from investment earnings from any
portion of the fund, shall be deposited in the governors' portraits
fund.
Governors' portraits fund; use
Sec. 2. (a) The governors' portraits fund is established as a
dedicated fund to be administered by the Indiana state museum and
historic sites corporation (IC 4-37-2-1). Money in the fund may be
expended by the chief executive officer of the Indiana state museum
and historic sites corporation exclusively for the preservation and
exhibition of the state owned portraits of former governors of
Indiana.
(b) The proceeds from the sale of items as directed by law or by
(c) 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 money may be invested.
(d) All money accruing to the governors' portraits fund is
continuously allotted and appropriated for the purposes specified in
this section.
(e) Money in the fund at the end of the fiscal year does not revert
to the state general fund.
As added by P.L.69-2009, SEC.6. Amended by P.L.167-2011,
SEC.28.