Sec. 20.5. (a) The economic development reserve account is established within the state general fund to support the development and expansion of industry in Indiana. The budget agency shall administer the economic development reserve account. (b) The economic development reserve account consists of the following: (1) Money appropriated to the economic development reserve account by the general assembly. (2) Money transferred to the economic development reserve account under section 19(f) of this chapter. (3) Interest earned on the balance of the economic development reserve account. (c) The treasurer of state shall invest the money in the economic development reserve account not currently needed to meet the obligations of the account in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the economic development reserve account. (d) Money in the economic development reserve account at the end of a state fiscal year does not revert to the state general fund.
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