Sec. 14. (a) A special revolving fund is created to be used only for the planning of projects, including the hiring of architects, engineers, consultants, and other experts and the doing of any work preliminary to the actual construction of a project.
(b) The money in the special revolving fund does not revert to the state general fund.
(c) The amount of money in the special revolving fund may not exceed five hundred thousand dollars ($500,000).
(d) The authority may do the following:
(1) Transfer to the special revolving fund other money in the authority's possession not otherwise committed or needed.
(2) Place a gift or grant to the authority not limited in character in the special revolving fund.
As added by P.L.189-2018, SEC.25.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 6. Recreational Development Facilities and Park Projects
5-1.2-6-1. Recreational Facilities and Park Projects; Request; Findings; Authorization
5-1.2-6-4. Authority's Exercise of Powers an Essential Governmental Function
5-1.2-6-6. Authority May Lease Property to the Department of Natural Resources; Lease Terms
5-1.2-6-7. Public Notice and Bidding Required for Certain Contracts
5-1.2-6-10. Use of Park Improvement Agreements; Terms
5-1.2-6-11. Payment of Expenses