CHAPTER 8. POSTWAR CONSTRUCTION FUND COLLECTIONS AND DISTRIBUTIONS

IC 7.1-4-8

    

Chapter 8. Postwar Construction Fund Collections and
Distributions

IC 7.1-4-8-1

Deposit of excise taxes in fund

    

Sec. 1. The department shall:

        (1) deposit daily with the treasurer of state:

            (A) four and three-fourths cents (4 3/4¢) of the beer excise
tax rate collected on each gallon of beer or flavored malt
beverage;

            (B) one dollar and seventeen cents ($1.17) of the liquor
excise tax rate collected on each gallon of liquor; and

            (C) sixteen cents (16¢) of the wine excise tax rate collected
on each gallon of wine; and

        (2) not later than the fifth day of the following month, transfer
the deposits under subdivision (1) into the postwar construction
fund.

(Formerly: Acts 1973, P.L.55, SEC.1; Acts 1973, P.L.56, SEC.27.)
As amended by P.L.72-1996, SEC.19.

IC 7.1-4-8-2

Use of funds

    

Sec. 2. The monies deposited in the postwar construction fund
shall be used for construction by the state for the use of:

        (1) penal, benevolent, charitable and educational institutions of
the state;

        (2) public safety projects of the state; and

        (3) municipal water and sewer infrastructure improvements
necessary or useful for an institution or project described in
subdivision (1) or (2).

(Formerly: Acts 1973, P.L.55, SEC.1.) As amended by P.L.234-2007,
SEC.274.