IC 4-9.1-1-1 Composition; advisory supervision of safekeeping of funds
Sec. 1. The governor, the auditor of state, and the treasurer of
state constitute the state board of finance, referred to as the "board"
in this chapter. The board has advisory supervision of the
safekeeping of all funds coming into the state treasury and all other
funds belonging to the state coming into the possession of any state
officer or agency. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-2 Organization; officers
Sec. 2. The board shall organize by electing from its membership
a president. The auditor of state is the secretary of the board. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-3 Convening of board; recording, approval, signing, and attesting of
proceedings
Sec. 3. (a) The president shall convene the board whenever
requested to do so by a member or whenever necessary to the
performance of its duties.
(b) The proceedings of the board shall be recorded and must be
approved and signed by the president and attested by the secretary.
(c) The sessions of the board are public. Its records shall be kept
in the office of the auditor of state and be subject to public
inspection. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-4 Supervision of fiscal affairs and public funds; deposits
Sec. 4. The board shall supervise the fiscal affairs of the state and
all public funds of the state. The board shall arrange for the
convenient deposit of all public funds of the state pursuant to
IC 5-13. As added by Acts 1979, P.L.22, SEC.2. Amended by P.L.19-1987,
SEC.3.
IC 4-9.1-1-5 Adoption of rules
Sec. 5. The board may adopt such rules concerning the
safekeeping and deposit of public funds of this state as it considers
necessary or advisable to accomplish the purposes of this chapter. As added by Acts 1979, P.L.22, SEC.2. IC 4-9.1-1-6 Suits by and against board
Sec. 6. The board may sue and be sued in its name. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-7 Transfer of money
Sec. 7. (a) The board may transfer money between state funds,
and the board may transfer money between appropriations for any
board, department, commission, office, or benevolent or penal
institution of the state. After the transfer is made the money of the
fund or appropriation transferred is not available to the fund or the
board, department, commission, office, or benevolent or penal
institution from which it was transferred.
(b) In addition to a transfer under subsection (a), the board may
transfer money from an appropriation for any board, department,
commission, office, or benevolent or penal institution of the state to
the Indiana economic development corporation.
(c) An order by the board to make a transfer under this section is
sufficient authority for the making of appropriate entries showing the
transfer on the books of the auditor of state and treasurer of state.
(d) The authority given the board under this section to make
transfers does not apply to trust funds. For the purposes of this
section, "trust fund" means a fund which by the constitution or by
statute has been designated as a trust fund or a fund which has been
determined by the board to be a trust fund. As added by Acts 1979, P.L.22, SEC.2. Amended by P.L.246-2005,
SEC.39.
IC 4-9.1-1-8 Loans to meet casual deficits in revenue; term; evidence; levy of
special tax
Sec. 8. For the purpose of meeting casual deficits in the state
revenue, the board may negotiate such loans as may be necessary to
meet the demands of the state. The loan may not be made for a longer
period than four (4) years after the end of the fiscal year in which the
loan is made. To evidence the loan, the board may execute
certificates of indebtedness or promissory notes, which certificates
or notes must recite that they are issued to meet casual deficits in the
state revenue.
If there are not sufficient funds coming into the general fund of
the state to pay the certificates or notes when due, the board may,
notwithstanding IC 6-1.1-18-2, levy a tax on all the taxable property
of the state, sufficient to pay the amount of the indebtedness. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-9 Investment of funds; temporary loans
Sec. 9. If at any time there are more than sufficient moneys in a
trust fund, as determined in section 7 of this chapter, to meet the
immediate requirements of the trust fund, the moneys may be
invested in the certificates or notes issued under section 8 of this
chapter, on the condition that any of the moneys so invested shall be
returned to the fund from which received when needed to meet the
demands of the fund. To meet the demands of the fund, the board
may make temporary loans as authorized in section 8 of this chapter. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-10
Repealed
(Repealed by P.L.6-1997, SEC.239.)
IC 4-9.1-1-1 Composition; advisory supervision of safekeeping of funds
Sec. 1. The governor, the auditor of state, and the treasurer of
state constitute the state board of finance, referred to as the "board"
in this chapter. The board has advisory supervision of the
safekeeping of all funds coming into the state treasury and all other
funds belonging to the state coming into the possession of any state
officer or agency. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-2 Organization; officers
Sec. 2. The board shall organize by electing from its membership
a president. The auditor of state is the secretary of the board. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-3 Convening of board; recording, approval, signing, and attesting of
proceedings
Sec. 3. (a) The president shall convene the board whenever
requested to do so by a member or whenever necessary to the
performance of its duties.
(b) The proceedings of the board shall be recorded and must be
approved and signed by the president and attested by the secretary.
(c) The sessions of the board are public. Its records shall be kept
in the office of the auditor of state and be subject to public
inspection. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-4 Supervision of fiscal affairs and public funds; deposits
Sec. 4. The board shall supervise the fiscal affairs of the state and
all public funds of the state. The board shall arrange for the
convenient deposit of all public funds of the state pursuant to
IC 5-13. As added by Acts 1979, P.L.22, SEC.2. Amended by P.L.19-1987,
SEC.3.
IC 4-9.1-1-5 Adoption of rules
Sec. 5. The board may adopt such rules concerning the
safekeeping and deposit of public funds of this state as it considers
necessary or advisable to accomplish the purposes of this chapter. As added by Acts 1979, P.L.22, SEC.2. IC 4-9.1-1-6 Suits by and against board
Sec. 6. The board may sue and be sued in its name. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-7 Transfer of money
Sec. 7. (a) The board may transfer money between state funds,
and the board may transfer money between appropriations for any
board, department, commission, office, or benevolent or penal
institution of the state. After the transfer is made the money of the
fund or appropriation transferred is not available to the fund or the
board, department, commission, office, or benevolent or penal
institution from which it was transferred.
(b) In addition to a transfer under subsection (a), the board may
transfer money from an appropriation for any board, department,
commission, office, or benevolent or penal institution of the state to
the Indiana economic development corporation.
(c) An order by the board to make a transfer under this section is
sufficient authority for the making of appropriate entries showing the
transfer on the books of the auditor of state and treasurer of state.
(d) The authority given the board under this section to make
transfers does not apply to trust funds. For the purposes of this
section, "trust fund" means a fund which by the constitution or by
statute has been designated as a trust fund or a fund which has been
determined by the board to be a trust fund. As added by Acts 1979, P.L.22, SEC.2. Amended by P.L.246-2005,
SEC.39.
IC 4-9.1-1-8 Loans to meet casual deficits in revenue; term; evidence; levy of
special tax
Sec. 8. For the purpose of meeting casual deficits in the state
revenue, the board may negotiate such loans as may be necessary to
meet the demands of the state. The loan may not be made for a longer
period than four (4) years after the end of the fiscal year in which the
loan is made. To evidence the loan, the board may execute
certificates of indebtedness or promissory notes, which certificates
or notes must recite that they are issued to meet casual deficits in the
state revenue.
If there are not sufficient funds coming into the general fund of
the state to pay the certificates or notes when due, the board may,
notwithstanding IC 6-1.1-18-2, levy a tax on all the taxable property
of the state, sufficient to pay the amount of the indebtedness. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-9 Investment of funds; temporary loans
Sec. 9. If at any time there are more than sufficient moneys in a
trust fund, as determined in section 7 of this chapter, to meet the
immediate requirements of the trust fund, the moneys may be
invested in the certificates or notes issued under section 8 of this
chapter, on the condition that any of the moneys so invested shall be
returned to the fund from which received when needed to meet the
demands of the fund. To meet the demands of the fund, the board
may make temporary loans as authorized in section 8 of this chapter. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-10
Repealed
(Repealed by P.L.6-1997, SEC.239.)
IC 4-9.1-1-1 Composition; advisory supervision of safekeeping of funds
Sec. 1. The governor, the auditor of state, and the treasurer of
state constitute the state board of finance, referred to as the "board"
in this chapter. The board has advisory supervision of the
safekeeping of all funds coming into the state treasury and all other
funds belonging to the state coming into the possession of any state
officer or agency. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-2 Organization; officers
Sec. 2. The board shall organize by electing from its membership
a president. The auditor of state is the secretary of the board. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-3 Convening of board; recording, approval, signing, and attesting of
proceedings
Sec. 3. (a) The president shall convene the board whenever
requested to do so by a member or whenever necessary to the
performance of its duties.
(b) The proceedings of the board shall be recorded and must be
approved and signed by the president and attested by the secretary.
(c) The sessions of the board are public. Its records shall be kept
in the office of the auditor of state and be subject to public
inspection. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-4 Supervision of fiscal affairs and public funds; deposits
Sec. 4. The board shall supervise the fiscal affairs of the state and
all public funds of the state. The board shall arrange for the
convenient deposit of all public funds of the state pursuant to
IC 5-13. As added by Acts 1979, P.L.22, SEC.2. Amended by P.L.19-1987,
SEC.3.
IC 4-9.1-1-5 Adoption of rules
Sec. 5. The board may adopt such rules concerning the
safekeeping and deposit of public funds of this state as it considers
necessary or advisable to accomplish the purposes of this chapter. As added by Acts 1979, P.L.22, SEC.2. IC 4-9.1-1-6 Suits by and against board
Sec. 6. The board may sue and be sued in its name. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-7 Transfer of money
Sec. 7. (a) The board may transfer money between state funds,
and the board may transfer money between appropriations for any
board, department, commission, office, or benevolent or penal
institution of the state. After the transfer is made the money of the
fund or appropriation transferred is not available to the fund or the
board, department, commission, office, or benevolent or penal
institution from which it was transferred.
(b) In addition to a transfer under subsection (a), the board may
transfer money from an appropriation for any board, department,
commission, office, or benevolent or penal institution of the state to
the Indiana economic development corporation.
(c) An order by the board to make a transfer under this section is
sufficient authority for the making of appropriate entries showing the
transfer on the books of the auditor of state and treasurer of state.
(d) The authority given the board under this section to make
transfers does not apply to trust funds. For the purposes of this
section, "trust fund" means a fund which by the constitution or by
statute has been designated as a trust fund or a fund which has been
determined by the board to be a trust fund. As added by Acts 1979, P.L.22, SEC.2. Amended by P.L.246-2005,
SEC.39.
IC 4-9.1-1-8 Loans to meet casual deficits in revenue; term; evidence; levy of
special tax
Sec. 8. For the purpose of meeting casual deficits in the state
revenue, the board may negotiate such loans as may be necessary to
meet the demands of the state. The loan may not be made for a longer
period than four (4) years after the end of the fiscal year in which the
loan is made. To evidence the loan, the board may execute
certificates of indebtedness or promissory notes, which certificates
or notes must recite that they are issued to meet casual deficits in the
state revenue.
If there are not sufficient funds coming into the general fund of
the state to pay the certificates or notes when due, the board may,
notwithstanding IC 6-1.1-18-2, levy a tax on all the taxable property
of the state, sufficient to pay the amount of the indebtedness. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-9 Investment of funds; temporary loans
Sec. 9. If at any time there are more than sufficient moneys in a
trust fund, as determined in section 7 of this chapter, to meet the
immediate requirements of the trust fund, the moneys may be
invested in the certificates or notes issued under section 8 of this
chapter, on the condition that any of the moneys so invested shall be
returned to the fund from which received when needed to meet the
demands of the fund. To meet the demands of the fund, the board
may make temporary loans as authorized in section 8 of this chapter. As added by Acts 1979, P.L.22, SEC.2.
IC 4-9.1-1-10
Repealed
(Repealed by P.L.6-1997, SEC.239.)
