CHAPTER 4. LIFETIME HUNTING, FISHING, AND TRAPPING LICENSE TRUST FUND
IC 14-22-4
Chapter 4. Lifetime Hunting, Fishing, and Trapping License Trust
Fund
IC 14-22-4-1
"Fund" defined
Sec. 1. As used in this chapter, "fund" refers to the lifetime
hunting, fishing, and trapping license trust fund established by this
chapter.
As added by P.L.1-1995, SEC.15. Amended by P.L.17-1997, SEC.2.
IC 14-22-4-2
Establishment of fund
Sec. 2. The lifetime hunting, fishing, and trapping license trust
fund is established.
As added by P.L.1-1995, SEC.15. Amended by P.L.17-1997, SEC.3.
IC 14-22-4-3
Administration of fund
Sec. 3. The department shall administer the fund.
As added by P.L.1-1995, SEC.15.
IC 14-22-4-4
Gifts
Sec. 4. The department may accept gifts to enrich the fund. The
proceeds of the gifts shall be deposited in the fund.
As added by P.L.1-1995, SEC.15.
IC 14-22-4-5
Investments
Sec. 5. The treasurer of state shall invest the money in the fund in
the same manner as the money in the state general fund. The
treasurer of state shall deposit the proceeds from the investment
earnings in the fund.
As added by P.L.1-1995, SEC.15.
IC 14-22-4-6
Purpose of fund
Sec. 6. (a) On July 1 of each year:
(1) all of the accumulated earnings in the fund; plus
(2) two and one-half percent (2 1/2%) of the money in the fund,
less the accumulated earnings;
shall be transferred to the fish and wildlife fund to maintain the
automated point of sale licensing system implemented under
IC 14-22-12-7.5. Any unused part of the transfer under this
subsection may be used for the other purposes specified in
IC 14-22-3-5(a).
(b) The director:
(1) with the approval of the commission;
(2) with the approval of the budget agency; and
(3) after review by the budget committee;
may use money in the fund to acquire real property that will be used
and managed for hunting and fishing. The money used under this
subsection to acquire real property may not exceed fifty percent
(50%) of the appraised value of the real property.
(c) The money in the fund may be used only for the purposes
authorized in this section.
As added by P.L.1-1995, SEC.15. Amended by P.L.186-2003,
SEC.58; P.L.132-2006, SEC.1.
IC 14-22-4-7
Reversion of money not provided for
Sec. 7. 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.1-1995, SEC.15.