Version b
Assessment training and administration fund; use of money in
fund; investment of money in fund; no reversion to state general
fund
Note: This version of section effective 5-12-2005. See also
preceding version of this section, effective until 5-12-2005.
Sec. 4.7. (a) The assessment training and administration fund is
established for the purpose of receiving fees deposited under section
4 of this chapter. Money in the fund may be used by:
(1) 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; or
(2) the Indiana board to:
(A) conduct appeal activities; or
(B) pay for appeal services.
(b) 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.
(c) 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; P.L.228-2005, SEC.17.
Last modified: May 28, 2006