Appropriations must be deposited in either the administrative account or the general operating fund, as the board determines to be appropriate.(b) Subject to IC 21-9-6-3, money in the administrative account shall be used first to pay the general operating, administrative, and capital expenses of the authority. Before money in the program account may be used for these expenses, the authority must exhaust all other funds available to the authority, including money in the endowment fund and the administrative account.As added by P.L.165-1996, SEC.1.
Indiana Legal Code