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IC 4-8.1-1-1
Composition
Sec. 1. The state treasury is composed of:
(1) all moneys collected under any law of this state providing
for the collection of revenue for state purposes;
(2) all moneys borrowed on the credit of the state by the
treasurer of state or any other authorized agent of the state;
(3) all moneys derived from the sale of property belonging to or
held in trust by the state;
(4) all moneys and securities belonging to, lent to, or held in
trust by the state, where no other disposition of them is required
by law;
(5) all income derived in any manner from any money or
property specified in this section;
(6) every fee, perquisite, or bonus received by any state officer
in the discharge of his duties;
(7) all dividends arising from bank or other stock appropriated
to the payment of any part of the interest on the public debt; and
(8) all moneys from any source paid, belonging, or accruing to
the state for the use of the state or to a state fund for any
purpose.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-2
Funds
Sec. 2. The state treasury shall be divided into the general fund
and such other funds as are created by the constitution or by statute.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-3
General fund
Sec. 3. The general fund consists of all moneys paid into the state
treasury which are not by the constitution, statute, or requirement of
the donor dedicated to another fund or for another purpose.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-4
Investment of money; law governing
Sec. 4. The investment of the money in the state treasury is
governed by IC 5-13.
As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.3-1990,
SEC.15.
IC 4-8.1-1-6
Inspection of treasury and records by state board of accounts or
certified public accountant
Sec. 6. The governor may request the state board of accounts or
appoint a certified public accountant to make, without previous
notice of an inspection, a thorough inspection of the state treasury
and the records relating to the state treasury. The treasurer of state,
the auditor of state, and the employees of their offices, shall assist
the state board of accounts or the accountant in all ways necessary to
the performance of the inspection. The state board of accounts or the
accountant is authorized to administer oaths to the treasurer of state,
the auditor of state, or their employees for the purpose of obtaining
sworn testimony. The state board of accounts or the accountant may
compel the attendance of witnesses and send for persons and papers.
The state board of accounts or the accountant shall certify his
findings to the treasurer of state, the auditor of state, and the
governor.
The accountant shall be paid for his services and his expenses by
the governor out of his contingency fund at a rate determined
reasonable by the governor.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-7
Deposit of certain funds
Sec. 7. (a) As used in this section, "private entity" means a
corporation or other business entity that uses facilities that were
financed, in whole or in part, with the proceeds of bonds issued by
the Indiana finance authority under IC 8-9.5, IC 8-14.5, or
IC 8-21-12.
(b) If a private entity makes a payment to the state under an
agreement requiring the recipient to make such a payment upon
failure to achieve prescribed levels of investment, employment, or
wages at the facilities described in subsection (a), the payment shall
be deposited in the state general fund.
As added by P.L.32-2002, SEC.1. Amended by P.L.235-2005,
SEC.52.
IC 4-8.1-1-8
Deposit of payments made by United Air Lines to state
Sec. 8. Notwithstanding section 7 of this chapter, as amended by
P.L.235-2005, SECTION 52, any payment made on or after April 1,
2007, by United Air Lines, Inc., to the state of Indiana under the IMC
757/767 Project Agreement, dated December 1, 1994, between the
Indiana Economic Development Corporation and United Air Lines,
Inc., upon failure to achieve prescribed levels of investment,
employment, or wages set forth in the agreement at certain facilities
that were financed with the proceeds of bonds issued by the Indiana
finance authority under IC 8-21-12, shall be deposited as follows:
(1) Fifty percent (50%) of the money shall be deposited in the
affordable housing and community development fund
established by IC 5-20-4-7. The proceeds of any such payments
are continuously appropriated for the purposes specified in
IC 5-20-4-8. Any such proceeds in the affordable housing and
community development fund that remain unexpended at the
end of any state fiscal year remain in the fund until expended
and do not revert to the state general fund due to United States
Internal Revenue Service requirements related to outstanding
Indiana finance authority bonds.
(2) Fifty percent (50%) of the money shall be distributed among
the counties that either have at least one (1) unit that has
established an affordable housing fund under IC 5-20-5-15.5 or
a housing trust fund established under IC 36-7-15.1-35.5(e) in
proportion to the population of each county. The money shall be
allocated within the county as follows:
(A) In a county that does not contain a consolidated city and
has at least one (1) unit that has established an affordable
housing fund under IC 5-20-5-15.5, the amount to be
distributed to each unit that has established an affordable
housing fund under IC 5-20-5-15.5 is the amount available
for distribution multiplied by a fraction. The numerator of
the fraction is the population of the unit. The denominator of
the fraction is the population of all units in the county that
have established an affordable housing fund. For purposes
of allocating an amount to the affordable housing fund
established by the county, the population to be used for that
unit is the population of the county outside any city or town
that has established an affordable housing fund. The
allocated amount shall be deposited in the unit's affordable
housing fund for the purposes of the fund.
(B) In a county to which clause (A) does not apply, the
money shall be deposited in the housing trust fund
established under IC 36-7-15.1-35.5(e) for the purposes of
the fund.
As added by P.L.220-2011, SEC.25.