14-12-1-1. “Fund” Defined

Sec. 1. As used in this chapter, “fund” refers to the Indiana natural resources fund established by this chapter. [Pre-1995 Recodification Citation: 14-3-17-4.] As added by P.L.1-1995, SEC.5.

14-12-1-10. Powers of Foundation

Sec. 10. The foundation may do the following: (1) Adopt bylaws for the regulation of the foundation’s affairs and the conduct of the foundation’s business. (2) Adopt an official seal, which may not be the seal of the state. (3) Maintain a principal office and other offices the foundation designates. (4) Sue and be sued […]

14-12-1-10.1. Repealed

As added by P.L.5-1996, SEC.12. Repealed by P.L.177-2011, SEC.5.

14-12-1-11. Establishment of Fund

Sec. 11. (a) The Indiana natural resources fund is established. Expenditures from the fund may be made only to carry out the purposes of this chapter. The foundation shall do the following: (1) Hold the fund in the name of the foundation. (2) Administer the fund. (3) Make all expenditures from the fund. (b) Gifts […]

14-12-1-11.1. Establishment and Administration of Forest Restoration Fund

Sec. 11.1. (a) The forest restoration fund is established. Expenditures from the fund may be made only to carry out the purpose of restoration, conservation, and improvement of lands: (1) classified as native forest land, forest plantations, or wildlands under IC 6-1.1-6; and (2) approved by the state forester. (b) The foundation shall do the […]

14-12-1-12. Property Tax Exemption

Sec. 12. The foundation is exempt from taxes on real or personal property the foundation acquires or disposes of or as a consequence of the foundation’s transactions. [Pre-1995 Recodification Citation: 14-3-17-14.] As added by P.L.1-1995, SEC.5.

14-12-1-13. Coordination of Expenditures

Sec. 13. Expenditures from the fund shall be coordinated with expenditures under the President Benjamin Harrison conservation trust program established by IC 14-12-2. [Pre-1995 Recodification Citation: 14-3-17-16.] As added by P.L.1-1995, SEC.5. Amended by P.L.172-2016, SEC.4.

14-12-1-2. “Political Subdivision” Defined

Sec. 2. As used in this chapter, “political subdivision” has the meaning set forth in IC 36-1-2-13. [Pre-1995 Recodification Citation: 14-3-17-6.] As added by P.L.1-1995, SEC.5.

14-12-1-3. Repealed

[Pre-1995 Recodification Citation: 14-3-17-6.5.] As added by P.L.1-1995, SEC.5. Repealed by P.L.82-2005, SEC.8.

14-12-1-4. Creation of Foundation

Sec. 4. The Indiana natural resources foundation is created as a public body corporate and politic. [Pre-1995 Recodification Citation: 14-3-17-7.] As added by P.L.1-1995, SEC.5.

14-12-1-5. Members

Sec. 5. (a) The foundation consists of twelve (12) members, not more than six (6) of whom may be of the same political affiliation, appointed by the governor. (b) At least one (1) member shall be appointed from each congressional district. (c) A member of the foundation may not be an officer or employee of: […]

14-12-1-6. Term of Members

Sec. 6. (a) The term of each member is four (4) years. A member appointed to fill the unexpired term of a member serves until the end of the unexpired term. (b) At the expiration of a member’s term, the member may be reappointed. (c) The term of each member begins July 1 and continues […]

14-12-1-7. Chairman

Sec. 7. At the foundation’s first meeting after June 30 of each year, the members shall select one (1) of the members to serve as chairman until the chairman’s successor is selected. [Pre-1995 Recodification Citation: 14-3-17-9(e).] As added by P.L.1-1995, SEC.5.

14-12-1-8. Director as Advisor to Foundation

Sec. 8. (a) The director of the department, or the director’s designee, is an advisor to the foundation. (b) An advisor to the foundation may do the following: (1) Attend all meetings of the foundation. (2) Participate in all proceedings at foundation meetings other than voting. [Pre-1995 Recodification Citation: 14-3-17-11.] As added by P.L.1-1995, SEC.5.

14-12-1-9. Purpose of Foundation

Sec. 9. (a) The exclusive purpose of the foundation is to acquire real and personal property to be donated under subsection (b). (b) The foundation may donate real and personal property to the following: (1) The department, subject to subsection (c). (2) Any unit of local government. (c) The foundation must have the approval of […]