Sec. 3. (a) Except as provided in subsection (d), money in the fund does not revert to the state general fund at the end of a fiscal year.
(b) The total amount in the fund may not exceed one million dollars ($1,000,000). Any money in the fund that exceeds one million dollars ($1,000,000) reverts to the land and water resources fund established by IC 14-25-10-2.
(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. Interest that accrues from these investments shall be deposited in the fund.
(d) If the fund is abolished, all money in the fund reverts to the state general fund.
As added by P.L.145-2002, SEC.3.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 25.5. Enforcement Actions by the Division of Water
Chapter 3. Water Environmental Fund
14-25.5-3-1. Fund Established; Administration by Department
14-25.5-3-2. Sources of Money in Fund
14-25.5-3-3. Limited Reversion to the State General Fund; Investment
14-25.5-3-4. Appropriations From Fund; Purposes; Expenditures Without Prior Approval
14-25.5-3-5. Expenditure From Fund Not Releasing Responsible Party