Sec. 1. As used in this chapter, “fund” refers to the lifetime hunting, fishing, and trapping license trust fund established by this chapter. [1995 Recodification Citation: New.] As added by P.L.1-1995, SEC.15. Amended by P.L.17-1997, SEC.2.
Sec. 2. The lifetime hunting, fishing, and trapping license trust fund is established. [Pre-1995 Recodification Citation: 14-3-1-16.5(a) part.] As added by P.L.1-1995, SEC.15. Amended by P.L.17-1997, SEC.3.
Sec. 3. The department shall administer the fund. [Pre-1995 Recodification Citation: 14-3-1-16.5(a) part.] As added by P.L.1-1995, SEC.15.
Sec. 4. The department may accept gifts to enrich the fund. The proceeds of the gifts shall be deposited in the fund. [Pre-1995 Recodification Citation: 14-3-1-16.5(b).] As added by P.L.1-1995, SEC.15.
Sec. 5. The treasurer of state shall invest the money in the fund in the same manner as the money in the state general fund. The treasurer of state shall deposit the proceeds from the investment earnings in the fund. [Pre-1995 Recodification Citation: 14-3-1-16.5(c).] As added by P.L.1-1995, SEC.15.
Sec. 6. (a) On July 1 of each year: (1) all of the accumulated earnings in the fund; plus (2) two and one-half percent (2 1/2%) of the money in the fund, less the accumulated earnings; shall be transferred to the fish and wildlife fund to maintain the automated point of sale licensing system implemented […]
Sec. 7. Money in the fund at the end of a state fiscal year does not revert to the state general fund. [Pre-1995 Recodification Citation: 14-3-1-16.5(e).] As added by P.L.1-1995, SEC.15.
