Indiana Code
Chapter 2. Indiana Board of Veterinary Medical Examiners
25-38.1-2-25-b. Veterinary Medicine Fund

Note: This version of section effective 7-1-2023. See also preceding version of this section, effective until 7-1-2023.
Sec. 25. (a) The veterinary medicine fund is established to provide funds for administering and enforcing the provisions of this article, including investigating and taking enforcement action against violators of this article. The fund shall be administered by the state board for the board.
(b) The expenses of administering the fund shall be paid from the money in the fund. The fund consists of money from the fee imposed under section 19(b) of this chapter.
(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.
(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund. However, if the total amount in the fund exceeds seven hundred fifty thousand dollars ($750,000) at the end of a state fiscal year after payment of all claims and expenses, the amount that exceeds seven hundred fifty thousand dollars ($750,000) reverts to the state general fund.
(e) Money in the fund is continually appropriated to the state board for its use in administering and enforcing this article, conducting investigations, and taking enforcement action against persons violating this article.
(f) The attorney general, the board, and the state board may enter into a memorandum of understanding to provide the attorney general with funds to conduct investigations and pursue enforcement action against violators of this article.
(g) The attorney general and the state board shall present the memorandum of understanding annually to the board for review.
As added by P.L.58-2008, SEC.26. Amended by P.L.48-2022, SEC.26.

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