Sec. 1. (a) The fire and building services fund is established for the purpose of defraying the personal services, other operating expense, and capital outlay of the following:
(1) The department.
(2) The education board.
(3) The commission.
(b) The fund shall be administered by the department. Money collected for deposit in the fund shall be deposited at least monthly with the treasurer of state.
(c) The treasurer of state shall deposit the following collected amounts in the fund:
(1) Fire insurance policy premium taxes assessed under section 5 of this chapter.
(2) Except as provided in section 6(d) of this chapter, all fees collected under this chapter.
(3) Any money not otherwise described in this subsection but collected by the department, commission, or education board and designated for distribution to the fund by statute or the executive director of the department.
(4) A fee collected by the education board for the issuance of a certification under IC 22-14-2-7.
(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 fiscal year does not revert to the state general fund.
As added by P.L.245-1987, SEC.1. Amended by P.L.38-1990, SEC.2; P.L.1-2006, SEC.352; P.L.101-2006, SEC.33; P.L.249-2019, SEC.19; P.L.187-2021, SEC.69.