Bill Text: IN SB0254 | 2013 | Regular Session | Introduced
Bill Title: Foundations.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-01-07 - First reading: referred to Committee on Public Policy [SB0254 Detail]
Download: Indiana-2013-SB0254-Introduced.html
Citations Affected: IC 4-12-15.
Synopsis: Foundations. Creates the Indiana foundation coordination
board to accept gifts, bequests, and devises on behalf of the state and
foundations created to provide funding for state agencies and programs.
Creates the Indiana foundation coordination board fund, and
continually appropriates money in the fund to the board.
Effective: July 1, 2013.
January 7, 2013, read first time and referred to Committee on Public Policy.
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or
A BILL FOR AN ACT to amend the Indiana Code concerning state
offices and administration and to make an appropriation.
Chapter 15. Indiana Foundation Coordination Board
Sec. 1. As used in this chapter, "board" refers to the Indiana foundation coordination board created by section 5 of this chapter.
Sec. 2. As used in this chapter, "fund" refers to the Indiana foundation coordination board fund established by section 10 of this chapter.
Sec. 3. As used in this chapter, "program" means either of the following:
(1) An activity performed by a state agency.
(2) An activity that a state agency is authorized or required to perform by law.
Sec. 4. As used in this chapter, "state agency" has the meaning set forth in IC 4-13-1-1(b).
Sec. 5. The Indiana foundation coordination board is created to
coordinate and administer the fund.
Sec. 6. The board consists of the following five (5) members:
(1) The director of the budget agency or the director's
designee.
(2) The commissioner of the Indiana department of
administration or the commissioner's designee.
(3) The commissioner of the department of state revenue or
the commissioner's designee.
(4) The director of the state personnel department or the
director's designee.
(5) A member of the staff of the governor appointed by the
governor.
Sec. 7. Each member serves without compensation.
Sec. 8. The director of the budget agency or the director's
designee shall serve as chairperson of the board. The director of
the budget agency may ask for advice or assistance from any state
agency for the purposes of this chapter.
Sec. 9. (a) The purposes of the board are:
(1) to accept gifts, bequests, and devises of real and personal
property to the state;
(2) to:
(A) accept gifts, bequests, and devises of real or personal
property to a foundation created to further the programs
of a state agency; and
(B) transfer the real or personal property to the
appropriate foundation;
(3) to hold the fund in the name of the board;
(4) to administer the fund;
(5) to make all expenditures from the fund; and
(6) to transfer money from the fund to:
(A) any appropriate state fund or account; or
(B) any appropriate foundation established by law to
further the programs of a state agency.
(b) The board shall:
(1) determine the appropriate state agency, program, or
foundation to receive each gift, bequest, or devise of real or
personal property to the state; and
(2) as soon as possible, transfer each gift, bequest, or devise of
real or personal property to the state to the appropriate state
agency, program, or foundation.
(c) The board may:
(1) sell property received through a gift, bequest, or devise to
the fund, the board, or the state; and
(2) deposit the proceeds of the sale in the fund.
(d) The board must comply with:
(1) the terms and conditions of any gift, bequest, or devise;
and
(2) the provisions of IC 4-24-3 concerning the receipt and use
of gifts, bequests, or devises.
(e) The board shall meet at the call of the chairperson.
Sec. 10. (a) The Indiana foundation coordination board fund is
established. Expenditures from the fund may be made only to carry
out the purposes of this chapter.
(b) The fund consists of:
(1) appropriations made by the general assembly;
(2) gifts, bequests, and devises made to the state;
(3) gifts, bequests, and devises made to a foundation created
to further the programs of a state agency; and
(4) proceeds of any property given or bequeathed to the state.
(c) Gifts of money to the fund or the board or the proceeds from
the sale of gifts donated to the fund or the board shall be deposited
in the fund.
(d) 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 money may be invested. Interest that
accrues from these investments shall be deposited in the fund.
(e) The expenses of administering this chapter shall be paid
from money in the fund.
(f) Money in the fund at the end of a state fiscal year remains in
the fund and does not revert to any other fund. If the board is
terminated, the money in the fund reverts to the state general fund.
(g) Money in the fund is continually appropriated to the board
for purposes of this chapter.
Sec. 11. The board shall post information concerning:
(1) the fund; and
(2) all foundations created to assist any state agency;
on the Indiana transparency Internet web site.