Section 14-25-2-4 - Water resources development fund(a) As used in this section, "fund" refers to the water resources development fund created by this section.(b) The water resources development fund is created. Money paid to the state under a contract entered into under this chapter shall be deposited in the fund.(c) The proceeds of the fund do not revert to the state general fund but constitute a revolving fund to be used exclusively for the purposes of this chapter.(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 money may be invested. Interest that accrues from the investments shall be deposited in the fund.(e) Money in the fund may be used for any of the following purposes:(1) The development of new reservoirs.(2) The investigation, development, and improvement of existing reservoirs.(3) The acquisition of easements or purchase in fee simple of land and property to be used as reservoir sites.(4) The financing, construction, operation, and maintenance of reservoir impoundments or parts of impoundments for water supply storage and uses, either independently or in cooperation with any person.(5) The investigation of water resource availability, quality, and water supply needs.(6) Watershed protection.(8) The preparation of a compilation and mapping of all community public water supplies under IC 14-25-7-13(d).(9) The operation of the division of water.(f) The department shall administer the fund.Pre-1995 Recodification Citation: 13-2-1-7(d) part.
As added by P.L. 1-1995, SEC.18. Amended by P.L. 184-1995, SEC.1; P.L. 186-2003, SEC.68.