Sec. 28. (a) The personal property online submission portal fund is established for the purpose of receiving fees deposited under section 27 of this chapter. The fund shall be administered by the department of local government finance.
(b) Money in the fund may be used by the department:
(1) to cover expenses incurred in the development, maintenance, and administration of the personal property online submission portal;
(2) for data base management expenses; and
(3) to cover any other expenses related to property tax administration.
(c) 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 money may be invested.
(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.108-2019, SEC.104.