CHAPTER 1. THE STATE TREASURY
IC 4-8.1
ARTICLE 8.1. TREASURER OF STATE
IC 4-8.1-1
Chapter 1. The State Treasury
IC 4-8.1-1-1
Composition
Sec. 1. The state treasury is composed of:
(1) all moneys collected under any law of this state providingfor the collection of revenue for state purposes;
(2) all moneys borrowed on the credit of the state by thetreasurer of state or any other authorized agent of the state;
(3) all moneys derived from the sale of property belonging to orheld in trust by the state;
(4) all moneys and securities belonging to, lent to, or held intrust by the state, where no other disposition of them is requiredby law;
(5) all income derived in any manner from any money orproperty specified in this section;
(6) every fee, perquisite, or bonus received by any state officerin the discharge of his duties;
(7) all dividends arising from bank or other stock appropriatedto the payment of any part of the interest on the public debt; and
(8) all moneys from any source paid, belonging, or accruing tothe state for the use of the state or to a state fund for anypurpose.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-2
Funds
Sec. 2. The state treasury shall be divided into the general fundand such other funds as are created by the constitution or by statute.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-3
General fund
Sec. 3. The general fund consists of all moneys paid into the statetreasury which are not by the constitution, statute, or requirement ofthe donor dedicated to another fund or for another purpose.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-4
Investment of money; law governing
Sec. 4. The investment of the money in the state treasury isgoverned by IC 5-13.
As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.3-1990,SEC.15.
IC 4-8.1-1-5
Inspection of treasury and records by committee
Sec. 5. A committee of the general assembly or of either of itshouses or a committee of persons who are appointed by the generalassembly but who are not members of the general assembly, whenauthorized by the general assembly by resolution, may inspect thestate treasury and the records relating to the state treasury.
The committee may compel the attendance of witnesses and sendfor persons and papers.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-6
Inspection of treasury and records by state board of accounts orcertified public accountant
Sec. 6. The governor may request the state board of accounts orappoint a certified public accountant to make, without previousnotice of an inspection, a thorough inspection of the state treasuryand the records relating to the state treasury. The treasurer of state,the auditor of state, and the employees of their offices, shall assistthe state board of accounts or the accountant in all ways necessary tothe performance of the inspection. The state board of accounts or theaccountant is authorized to administer oaths to the treasurer of state,the auditor of state, or their employees for the purpose of obtainingsworn testimony. The state board of accounts or the accountant maycompel the attendance of witnesses and send for persons and papers.
The state board of accounts or the accountant shall certify hisfindings to the treasurer of state, the auditor of state, and thegovernor.
The accountant shall be paid for his services and his expenses bythe governor out of his contingency fund at a rate determinedreasonable by the governor.
As added by Acts 1979, P.L.22, SEC.1.
IC 4-8.1-1-7
Deposit of certain funds
Sec. 7. (a) As used in this section, "private entity" means acorporation or other business entity that uses facilities that werefinanced, in whole or in part, with the proceeds of bonds issued bythe Indiana finance authority under IC 8-9.5, IC 8-14.5, orIC 8-21-12.
(b) If a private entity makes a payment to the state under anagreement requiring the recipient to make such a payment uponfailure to achieve prescribed levels of investment, employment, orwages at the facilities described in subsection (a), the payment shallbe deposited in the state general fund.
As added by P.L.32-2002, SEC.1. Amended by P.L.235-2005,SEC.52.