CHAPTER 8. STATE FAIR FUND
IC 15-13-8
Chapter 8. State Fair Fund
IC 15-13-8-1
State fair fund established
Sec. 1. The state fair fund is established.
As added by P.L.2-2008, SEC.4.
IC 15-13-8-2
Administration of fund
Sec. 2. The commission shall administer the fund.
As added by P.L.2-2008, SEC.4.
IC 15-13-8-3
Tax levy; prohibition on tax levy after December 31, 2008
Sec. 3. (a) The fund consists of the following:
(1) Revenue from the property tax imposed under IC 15-13-9
(repealed) before January 1, 2009.
(2) Appropriations made by the general assembly.
(3) Interest accruing from investment of money in the fund.
(4) Certain proceeds from the operation of the fair.
(b) The fund is divided into the following accounts:
(1) Agricultural fair revolving contingency account.
(2) Other accounts established by the commission.
(c) The money credited to the agricultural fair revolving
contingency account may be used only to pay start-up expenses for
the fair each year. Money used to pay the start-up expenses from the
account must be replaced using proceeds from the operation of the
fair before the proceeds may be used for any other purpose.
As added by P.L.2-2008, SEC.4. Amended by P.L.146-2008,
SEC.431; P.L.1-2010, SEC.65.
IC 15-13-8-4
Investment; interest
Sec. 4. (a) 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 funds may be invested.
(b) Interest that accrues from investments of the fund shall be
deposited in the fund.
As added by P.L.2-2008, SEC.4.
IC 15-13-8-5
Nonreversion of fund
Sec. 5. 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.2-2008, SEC.4.
IC 15-13-8-6
Fund uses
Sec. 6. The fund may be used to:
(1) pay the expenses, including administrative expenses, of the
commission; and
(2) make lease payments under IC 15-13-10-11.
As added by P.L.2-2008, SEC.4.
IC 15-13-8-7
Allotment
Sec. 7. The money in the fund is subject to allotment under
IC 4-13-2-18.
As added by P.L.2-2008, SEC.4.
IC 15-13-8-8
Deposit of funds; audit
Sec. 8. (a) The commission may deposit revenues not set forth in
section 3 of this chapter in funds:
(1) other than the fund; and
(2) created under the commission's accounting system.
(b) Funds created under the commission's accounting system are
subject to audit by the state board of accounts.
As added by P.L.2-2008, SEC.4.
IC 15-13-8-9
Use of money
Sec. 9. The commission may use money in funds created under
section 8 of this chapter for activities of the commission authorized
under this article.
As added by P.L.2-2008, SEC.4.