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IC 4-23-2.5-3
"Fund"
Sec. 3. As used in this chapter, "fund" refers to the Indiana arts
commission trust fund established by section 4 of this chapter.
As added by P.L.29-1997, SEC.1.
IC 4-23-2.5-4
Purpose of fund; contents
Sec. 4. (a) The Indiana arts commission trust fund is established
to support the programs and the administrative budget of the
commission.
(b) The fund consists of the following:
(1) Appropriations of the general assembly from revenue
sources determined by the general assembly and in an amount
determined by the general assembly.
(2) Donations to the fund from public or private sources.
(3) Interest and dividends on assets of the fund.
(4) Money transferred to the fund from other funds.
(5) Fees from the Indiana arts trust license plate issued under
IC 9-18-41.
(6) Money from other sources that the commission may acquire.
As added by P.L.29-1997, SEC.1. Amended by P.L.118-1998, SEC.1;
P.L.133-2012, SEC.11.
IC 4-23-2.5-5
Repealed
(Repealed by P.L.133-2012, SEC.12.)
IC 4-23-2.5-6
Repealed
(Repealed by P.L.133-2012, SEC.13.)
IC 4-23-2.5-7
Repealed
(Repealed by P.L.133-2012, SEC.14.)
IC 4-23-2.5-8
IC 4-23-2.5-13
Administration of fund; investment of money in fund
Sec. 13. (a) Subject to the investment policy of the commission,
the treasurer of state shall administer the fund and invest the money
in the fund.
(b) The expenses of administering the fund and this chapter shall
be paid from the fund.
(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 trust funds are invested. Interest that accrues
from these investments shall be deposited in the fund.
As added by P.L.29-1997, SEC.1. Amended by P.L.133-2012,
SEC.20.
IC 4-23-2.5-14
Appropriations; reversion of money in fund
Sec. 14. (a) An appropriation made by the general assembly to the
fund shall be allotted and allocated at the beginning of the fiscal
period for which the appropriation is made.
(b) Money in the fund at the end of a state fiscal year does not
revert to the state general fund or any other fund.
IC 4-23-2.5-15
Allocation of money from fund; use of interest and dividends by
commission
Sec. 15. (a) The commission has the sole authority to allocate
money from the fund to arts providers in Indiana.
(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.
(c) The commission may not use money from the fund to purchase
land or structures.
As added by P.L.29-1997, SEC.1. Amended by P.L.103-2006, SEC.1.
IC 4-23-2.5-16
Annual report
Sec. 16. Before October 1 of each year, the commission shall
prepare a report concerning the fund for distribution to the public and
the general assembly. A report distributed under this section to the
general assembly must be in an electronic format under IC 5-14-6.
As added by P.L.29-1997, SEC.1. Amended by P.L.28-2004, SEC.45;
P.L.133-2012, SEC.21.
IC 4-23-2.5-17
Rules
Sec. 17. The commission may adopt rules under IC 4-22-2 to
implement this chapter.
As added by P.L.29-1997, SEC.1.