IC 22-10-12-16 — Mine safety fund; establishment; administration
Chapter 12. Safety Equipment and Safeguards
Bills amending this section
Section text
Sec. 16. (a) The mine safety fund is established to provide funding for the purchase and maintenance of underground mine rescue equipment. (b) The department of labor shall administer the fund. (c) The fund consists of: (1) assessments collected by the mining board under IC 22-10-1.5-5(a)(4) and deposited into the fund; (2) fees: (A) from examinations under IC 22-10-3-10(g); (B) for duplicate certificates under IC 22-10-3-11(a); and (C) from applicants for a certificate under IC 22-10-3-13(d); and (3) interest from investments as accrued and deposited under subsection (d). (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 accumulates from these investments shall be deposited into the fund. (e) 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.187-2003, SEC.3. Amended by P.L.35-2007, SEC.23; P.L.10-2012, SEC.6; P.L.91-2026, SEC.13.
Source: official publisher (2026 edition)