Capital projects fund
Sec. 5. (a) The capital projects fund is established.
(b) The treasurer of state shall invest the money in the capital
projects fund not currently needed to meet the obligations of the
capital projects fund in the same manner as other public funds are
invested. Money in the fund is continuously appropriated for the
purposes of this section.
(c) The budget director shall administer the capital projects fund.
Expenses of administering the capital projects fund shall be paid
from money in the capital projects fund.
(d) On:
(1) June 30 of every year after June 30, 2006; or
(2) any other date designated by the budget director;
an amount designated by the budget director shall be transferred
from the fund to the state general fund, a capital improvement board
of managers created by IC 36-10-9, or the designee chosen by the
budget director under IC 5-1-17-28.
(e) 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.214-2005, SEC.56.
Last modified: May 27, 2006