Section 15-11-5-4 - Livestock industry promotion and development fund(a) The livestock industry promotion and development fund is established as a dedicated fund to be administered by the department.(b) Money in the fund must be spent by the department:(1) exclusively for the purposes described in this chapter and IC 15-11-14, including administrative expenses; and(c) Money in the fund at the end of a state fiscal year does not revert to the state general fund. However, if the fund is abolished, the money in the fund reverts to the state general fund.(d) There is annually appropriated to the department the entire amount of money in the fund for the use of the department in carrying out the purposes of this chapter.(e) The department may solicit grants and gifts from public or private sources for the fund.Pre-2008 Recodification Citation: 4-4-3.2-3(a) part; (b); (c); (d).
Amended by P.L. 202-2015, SEC. 1, eff. 7/1/2015.Amended by P.L. 133-2015, SEC. 1, eff. 7/1/2015.As added by P.L. 2-2008, SEC.2.