Sec. 12. Subject to the approval of the budget agency, the real estate commission may expend the interest earned by the real estate recovery fund for:
(1) information concerning the commission's activities and administrative rulings;
(2) other educational information concerning the real estate industry; and
(3) expenses related to the continuing education program under IC 25-34.1-9.
As added by P.L.255-1987, SEC.6. Amended by P.L.120-1992, SEC.2.
Structure Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons
Chapter 7. Real Estate Recovery Fund
25-34.1-7-1. Establishment of Fund; Administration; Investments
25-34.1-7-2. Surcharge; Formula; Assessment; Application of Section
25-34.1-7-2.1. Reversion of Excess Funds
25-34.1-7-3. Interest on Investments; Payment of Expenses
25-34.1-7-6. Agent for Service of Process
25-34.1-7-7. Limitation of Actions; Notice of Commencement of Action
25-34.1-7-8. Commission as Defendant; Hearings; Orders Directing Payment
25-34.1-7-9. Payment of Claims
25-34.1-7-10. Suspension of Judgment Debtor's License; Repayment of Fund; Interest