Value Added Research Fund

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Sec. 4. (a) The value added research fund is established to provide money for:

(1) the center for value added research; and

(2) the director to carry out the duties specified under this chapter.

(b) The director shall administer the fund.

(c) The fund consists of money appropriated by the general assembly.

(d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested.

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

[Pre-2008 Recodification Citation: 21-46-2-4.]

As added by P.L.2-2008, SEC.2.


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