Version a
Assessment training fund
Note: This version of section effective until 5-12-2005. See also
following version of this section, effective 5-12-2005.
Sec. 4.7. (a) The assessment training fund is established for the
purpose of receiving fees deposited under section 4 of this chapter.
Money in the fund may be used by the department of local
government finance to cover expenses incurred in the development
and administration of programs for the training of assessment
officials and employees of the department, including the examination
and certification program required by IC 6-1.1-35.5. The fund shall
be administered by the treasurer of state.
(b) The expenses of administering the fund shall be paid from
money in the fund.
(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. Interest that accrues
from these investments shall be deposited into the fund.
(d) Money in the fund at the end of a state fiscal year does not
revert to the state general fund.
As added by P.L.198-2001, SEC.23. Amended by P.L.90-2002,
SEC.53; P.L.1-2004, SEC.10; P.L.23-2004, SEC.11; P.L.2-2005,
SEC.17.
Last modified: May 28, 2006