Sec. 15. (a) The commission has the sole authority to allocate money from the fund to arts providers in Indiana.
(b) Subject to other provisions of this chapter, when there is one million dollars ($1,000,000) in the fund there is annually appropriated to the commission all interest and dividend earnings of the fund for projects that the commission designates to accomplish the purposes of the commission under IC 4-23-2.
(c) The commission may not use money from the fund to purchase land or structures.
As added by P.L.29-1997, SEC.1. Amended by P.L.103-2006, SEC.1.
Structure Indiana Code
Title 4. State Offices and Administration
Article 23. Boards and Commissions
Chapter 2.5. Indiana Arts Commission Trust Fund
4-23-2.5-4. Purpose of Fund; Contents
4-23-2.5-12. Management and Development of Fund
4-23-2.5-13. Administration of Fund; Investment of Money in Fund
4-23-2.5-14. Appropriations; Reversion of Money in Fund
4-23-2.5-15. Allocation of Money From Fund; Use of Interest and Dividends by Commission