Sec. 5.4. (a) The library and historical department fund is established as a dedicated fund to be administered by the Indiana library and historical board. The monies in the fund may be expended by the board exclusively for the maintenance, use, or benefit of the Indiana library and historical department.
(b) The proceeds from the sale of items as directed by law or by the Indiana library and historical board, from gifts of money or the proceeds from the sale of gifts donated to the fund, and from investment earnings from any portion of the fund, shall be deposited in the fund.
(c) All monies accruing in the fund are hereby appropriated continuously for the purposes specified in this section.
(d) No portion of the fund shall revert to the general fund of the state at the end of a fiscal year; however, if the fund is abolished, its contents shall revert to the general fund of the state.
As added by Acts 1981, P.L.40, SEC.6.
Structure Indiana Code
Title 4. State Offices and Administration
Article 23. Boards and Commissions
Chapter 7. Indiana Library and Historical Department
4-23-7-2. Board Membership; Terms; Vacancies; Authority
4-23-7-2.1. Board; Election of Officers; Executive Secretary
4-23-7-5.2. Gifts, Bequests, and Devises; Acceptance; Limitation
4-23-7-5.3. Disposition of Library Materials
4-23-7-5.4. Library and Historical Department Fund; Establishment; Use; Deposits