IC 8-5-15-25: Capital improvement contingency fund

Sec. 25. (a) The capital improvement contingency fund is established for the purpose of:

(1) receiving taxes, appropriations, and other revenues;

(2) matching state or federal transportation grants made to permit the acquisition of capital assets;

(3) acquiring capital improvements or assets; or

(4) receiving, holding, and disbursing funds as a fiduciary.

(b) Money in the fund at the end of a fiscal year does not revert to the state general fund.