Indiana § 4-23-7-5.4 - Library and historical department fund; establishment; use; deposits
Full text of Indiana Indiana Code § 4-23-7-5.4 — Library and historical department fund; establishment; use; deposits, with citation guidance and answers to common questions.
§ 4-23-7-5.4. Library and historical department fund; establishment; use; deposits
Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027.
Sec. 5.4. (a) The library and historical department fund is established as a dedicated fund to be administered by the Indiana library and historical board. The monies in the fund may be expended by the board exclusively for the maintenance, use, or benefit of the Indiana library and historical department.
(b) The proceeds from the sale of items as directed by law or by the Indiana library and historical board, from gifts of money or the proceeds from the sale of gifts donated to the fund, and from investment earnings from any portion of the fund, shall be deposited in the fund.
(c) All monies accruing in the fund are hereby appropriated continuously for the purposes specified in this section.
(d) No portion of the fund shall revert to the general fund of the state at the end of a fiscal year; however, if the fund is abolished, its contents shall revert to the general fund of the state.
As added by Acts 1981, P.L.40, SEC.6.
IC 4-23-7-5.4Library and historical department fund; establishment; use; deposits Note: This version of section effective 7-1-2027. See also preceding version of this section, effective until 7-1-2027.
Sec. 5.4. (a) The library and historical department fund is established as a dedicated fund to be administered by the Indiana library board. The monies in the fund may be expended by the board exclusively for the maintenance, use, or benefit of the Indiana library and historical department.
(b) The proceeds from the sale of items as directed by law or by the Indiana library board, from gifts of money or the proceeds from the sale of gifts donated to the fund, and from investment earnings from any portion of the fund, shall be deposited in the fund.
(c) All monies accruing in the fund are hereby appropriated continuously for the purposes specified in this section.
(d) No portion of the fund shall revert to the general fund of the state at the end of a fiscal year; however, if the fund is abolished, its contents shall revert to the general fund of the state.
As added by Acts 1981, P.L.40, SEC.6. Amended by P.L.152-2026, SEC.20.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-23-7-5.4
What does Indiana Code § 4-23-7-5.4 cover?
Section 4-23-7-5.4 ("Library and historical department fund; establishment; use; deposits") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 4-23-7-5.4?
A common citation format is "Indiana Code § 4-23-7-5.4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 4-23-7-5.4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.