Indiana Code
Chapter 3. Duties and Powers of the Board
25-31.5-3-9. Soil Scientist Registration Fund

Sec. 9. (a) The soil scientist registration fund is established as a separate fund in the Purdue University treasury to carry out the purposes of this article. The fund is administered by the board.
(b) The sources of money for the fund are the:
(1) registration fees paid under IC 25-31.5-4-10; and
(2) renewal fees paid under IC 25-31.5-6-3.
(c) Expenses of administering the fund shall be paid from money in the fund.
(d) The state chemist shall collect all money paid under this article and deposit the money in the fund.
(e) If required by the board, the state chemist shall obtain a surety bond conditioned upon the faithful performance of the state chemist's duties for the board in an amount determined by the board. The bond must be issued by a surety company authorized to transact business in Indiana. All costs of the surety bond shall be paid from money in the fund.
(f) The Purdue University treasurer shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments must be deposited in the fund.
(g) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.244-2001, SEC.1.

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