Disposition of revenues
Sec. 27. (a) Money received under this chapter shall be paid by
the department into a fund to be kept by the treasurer of state and
known as the oil and gas fund.
(b) Money paid into this fund shall be devoted to the following
purposes upon appropriation:
(1) To the expenses of administering this chapter.
(2) To the oil and gas division of the department of natural
resources for the purpose of administering IC 14-37.
(3) To research pertaining to exploration for, development of,
and wise use of petroleum resources in Indiana.
(Formerly: Acts 1947, c.278, s.27.) As amended by Acts 1982,
P.L.63, SEC.1; P.L.109-1988, SEC.17; P.L.1-1995, SEC.53.
Last modified: May 28, 2006