CHAPTER 6. BIOMEDICAL TECHNOLOGY AND BASIC RESEARCH TRUST ACCOUNT
IC 4-12-6
Chapter 6. Biomedical Technology and Basic Research Trust
Account
IC 4-12-6-1
"Account" defined
Sec. 1. As used in this chapter, "account" refers to the biomedical
technology and basic research account established by section 3 of
this chapter.
As added by P.L.21-2000, SEC.4. Amended by P.L.291-2001,
SEC.60.
IC 4-12-6-2
"Master settlement agreement" defined
Sec. 2. As used in this chapter, "master settlement agreement" has
the meaning set forth in IC 24-3-3-6.
As added by P.L.21-2000, SEC.4.
IC 4-12-6-3
Establishment and purpose of account; administration
Sec. 3. (a) The biomedical technology and basic research account
is established within the Indiana tobacco master settlement
agreement fund for the purposes set forth in section 4 of this chapter.
The account consists of:
(1) amounts, if any, that another statute requires to be
distributed to the account from the Indiana tobacco master
settlement agreement fund; and
(2) grants, gifts, and donations intended for deposit in the
account.
(b) The account shall be administered by the budget agency.
Money in the account at the end of the state fiscal year does not
revert to the state general fund but remains available for expenditure.
As added by P.L.21-2000, SEC.4. Amended by P.L.57-2001, SEC.1;
P.L.291-2001, SEC.61.
IC 4-12-6-4
Distribution of money from account
Sec. 4. Subject to appropriation by the general assembly, review
by the budget committee, and approval by the budget agency, the
treasurer of state shall distribute money from the account to public
and private entities to support biomedical technology and basic
research initiatives, giving priority to initiatives that address tobacco
related illnesses and that leverage matching dollars from federal or
private sources.
As added by P.L.21-2000, SEC.4. Amended by P.L.291-2001,
SEC.62.
IC 4-12-6-5
Cumulative nature of appropriations and distributions
Sec. 5. Appropriations and distributions from the account under
this chapter are in addition to and not in place of other appropriations
or distributions made for the same purpose.
As added by P.L.21-2000, SEC.4. Amended by P.L.291-2001,
SEC.63.