2013 Indiana Code TITLE 5. STATE AND LOCAL ADMINISTRATION ARTICLE 20. HOUSING CHAPTER 7. MICROENTERPRISE PARTNERSHIP PROGRAM FUND
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IC 5-20-7
Chapter 7. Microenterprise Partnership Program Fund
IC 5-20-7-1
"Authority"
Sec. 1. As used in this chapter, "authority" refers to the Indiana
housing and community development authority created by
IC 5-20-1-3.
As added by P.L.87-2011, SEC.1.
IC 5-20-7-2
"Fund"
Sec. 2. As used in this chapter, "fund" refers to the
microenterprise partnership program fund established by section 3 of
this chapter.
As added by P.L.87-2011, SEC.1.
IC 5-20-7-3
Fund established; purpose
Sec. 3. The microenterprise partnership program fund is
established within the state treasury. The purpose of the fund is to
carry out the microenterprise partnership program under IC 5-20-8.
As added by P.L.87-2011, SEC.1.
IC 5-20-7-4
Sources of money
Sec. 4. The fund consists of:
(1) appropriations from the general assembly;
(2) federal grants; and
(3) gifts.
As added by P.L.87-2011, SEC.1.
IC 5-20-7-5
Administration
Sec. 5. The authority shall administer the fund. The following
may be paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out
the purposes of this chapter and IC 5-20-8.
As added by P.L.87-2011, SEC.1.
IC 5-20-7-6
Investment of fund assets
Sec. 6. 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. Interest that accrues
from these investments shall be deposited in the fund.
As added by P.L.87-2011, SEC.1.
IC 5-20-7-7
Nonreverting
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.87-2011, SEC.1.
IC 5-20-7-8
Audit
Sec. 8. The fund is subject to an annual audit by the state board of
accounts. The full costs of the audit shall be paid from money in the
fund.
As added by P.L.87-2011, SEC.1.
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