CHAPTER 3. WATER ENVIRONMENTAL FUND
IC 14-25.5-3
Chapter 3. Water Environmental Fund
IC 14-25.5-3-1
Fund established; administration by department
Sec. 1. The water environmental fund is established. Thedepartment shall administer the fund.
As added by P.L.145-2002, SEC.3.
IC 14-25.5-3-2
Sources of money in fund
Sec. 2. The fund consists of the following:
(1) Accrued interest and other investment earnings of the fund.
(2) Civil penalties collected under IC 14-25.5-4.
(3) Gifts, grants, donations, or appropriations from any source.
As added by P.L.145-2002, SEC.3.
IC 14-25.5-3-3
Limited reversion to the state general fund; investment
Sec. 3. (a) Except as provided in subsection (d), money in thefund does not revert to the state general fund at the end of a fiscalyear.
(b) The total amount in the fund may not exceed one milliondollars ($1,000,000). Any money in the fund that exceeds onemillion dollars ($1,000,000) reverts to the land and water resourcesfund established by IC 14-25-10-2.
(c) The treasurer of state shall invest the money in the fund notcurrently needed to meet the obligations of the fund in the samemanner as other public money may be invested. Interest that accruesfrom these investments shall be deposited in the fund.
(d) If the fund is abolished, all money in the fund reverts to thestate general fund.
As added by P.L.145-2002, SEC.3.
IC 14-25.5-3-4
Appropriations from fund; purposes; expenditures without priorapproval
Sec. 4. (a) Money paid into the fund may be appropriated for thefollowing purposes:
(1) To cover the costs of mitigating a violation of an article towhich this article applies or rules adopted under an article towhich this article applies.
(2) To cover the costs of:
(A) mitigating environmental damage; or
(B) protecting the public from harm;
caused by a violation of an article to which this article appliesor a violation of rules adopted under an article to which thisarticle applies.
(b) The division director may make expenditures from the fundfor purposes described in subsection (a) without the prior approval
of the budget agency or the governor. An expenditure under thissubsection may not exceed fifty thousand dollars ($50,000).
As added by P.L.145-2002, SEC.3.
IC 14-25.5-3-5
Expenditure from fund not releasing responsible party
Sec. 5. (a) An expenditure made from the fund under this chapterdoes not release a responsible person from liability.
(b) The department may seek from a responsible personreimbursement for expenses incurred under this chapter.
As added by P.L.145-2002, SEC.3.