Bill Text: IN SB0394 | 2012 | Regular Session | Introduced

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Bill Title: Bicentennial conservation fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-09 - First reading: referred to Committee on Agriculture and Natural Resources [SB0394 Detail]

Download: Indiana-2012-SB0394-Introduced.html

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Introduced Version

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SENATE BILL No. 394

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DIGEST OF INTRODUCED BILL

Citations Affected: IC 14-12.

Synopsis: Bicentennial conservation fund. Establishes the bicentennial conservation fund to fund major conservation projects to celebrate 200 years of Indiana statehood. Makes an appropriation.

Effective: July 1, 2012.

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Merritt

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    January 9, 2012, read first time and referred to Committee on Agriculture and Natural Resources.

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Introduced

Second Regular Session 117th General Assembly (2012)

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 this style type.
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 this style type reconciles conflicts between statutes enacted by the 2011 Regular Session of the General Assembly.

SENATE BILL No. 394

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    A BILL FOR AN ACT to amend the Indiana Code concerning natural and cultural resources and to make an appropriation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 14-12-1-14; (12)IN0394.1.1. -->     SECTION 1. IC 14-12-1-14 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]: Sec. 14. The foundation may transfer money in any fund held by the foundation to the bicentennial conservation fund established by IC 14-12-4-2 for the purposes of the bicentennial conservation fund.

SOURCE: IC 14-12-2-36; (12)IN0394.1.2. -->     SECTION 2. IC 14-12-2-36 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]: Sec. 36. The department, with the approval of the budget agency, may transfer money in an account in the fund to the bicentennial conservation fund established by IC 14-12-4-2 for the purposes of the bicentennial conservation fund.

SOURCE: IC 14-12-4; (12)IN0394.1.3. -->     SECTION 3. IC 14-12-4 IS ADDED TO THE INDIANA CODE AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]:
     Chapter 4. Bicentennial Conservation Fund
    Sec. 1. As used in this chapter, "fund" refers to the bicentennial

conservation fund established by section 2 of this chapter.
    Sec. 2. The bicentennial conservation fund is established as a trust fund to celebrate two hundred (200) years of Indiana statehood through the funding of major conservation projects in Indiana.
    Sec. 3. The budget agency shall administer the fund.
    Sec. 4. The fund consists of the following:
        (1) Appropriations made to the fund by the general assembly.
        (2) Gifts of money to the fund or the proceeds from the sale of gifts donated to the fund.
        (3) Grants made to the fund or the foundation for the support of the purposes of the fund.
        (4) Interest earned on money in the fund.
        (5) Any other money transferred to the fund.
    Sec. 5. The expenses of administering this chapter shall be paid from money in the fund.
    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 are invested. Interest that accrues from these investments shall be deposited in the fund. Money in the fund is continuously appropriated for the purposes of the fund.
    Sec. 7. An appropriation made by the general assembly to the fund shall be allotted and allocated at the beginning of the fiscal period for which the appropriation was made.
    Sec. 8. Money in the fund at the end of a state fiscal year does not revert to the state general fund or any other fund.