Sec. 2.2. If the total amount in the plumbing recovery fund (including principal and interest) exceeds five hundred fifty thousand dollars ($550,000) at the end of a state fiscal year after the payment of all claims and expenses, the amount in excess of five hundred fifty thousand dollars ($550,000) reverts to the state general fund.
As added by P.L.143-1990, SEC.8.
Structure Indiana Code
Title 25. Professions and Occupations
Chapter 2. Plumbers Recovery Fund
25-28.5-2-1. Establishment of Fund; Investments; Interest
25-28.5-2-2. Surcharge; Formula; Assessments
25-28.5-2-2.2. Reversion of Excess Funds
25-28.5-2-3. Interest on Investments; Payment of Expenses
25-28.5-2-6. Agent for Service of Process
25-28.5-2-7. Limitation of Actions
25-28.5-2-8. Commission as Defendant; Hearings; Issuance of Orders
25-28.5-2-9. Payment of Claims From Fund
25-28.5-2-10. Suspension of License; Repayment of Fund