§ 4-10-18-5 — Annual appropriation to and from general fund; certification of amount; transfer of funds

(a) As soon as the state comptroller makes a
final determination of the amount of total state general fund revenues
for a particular state fiscal year, the state comptroller shall certify that
amount to the budget director.
(b) As soon as possible after receiving the certification from the
state comptroller under subsection (a), the budget director shall
determine the amount, if any, that is appropriated into or out of the
fund under section 4 of this chapter. If an appropriation is made into
the fund under section 4 of this chapter, the budget director shall
immediately certify that amount to the treasurer of state. If an
appropriation is made out of the fund under section 4 of this chapter,
the budget director shall certify to the treasurer of state an amount
equal to the part of the appropriation, if any, by which the general fund
general operating budget, for the state fiscal year for which the
appropriation is made, exceeds the budget director's estimate of the
total general fund revenues for that same state fiscal year. The budget
director shall make the certification or certifications of money to be
transferred out of the fund at the time or times that the budget director
determines the general fund general operating budget would exceed the
total estimated state general fund revenues.
(c) Immediately upon receiving a certification from the budget
director under subsection (b), the state comptroller and treasurer of
state shall make the appropriate transfer into or out of the fund.
(d) Any amount, which is appropriated out of the fund under section
4 of this chapter, but which has not been transferred out of the fund
under this section at the end of the state fiscal year for which the
appropriation is made, shall revert to the fund.
As added by Acts 1982, P.L.22, SEC.1. Amended by
P.L.215-2016, SEC.68; P.L.9-2024, SEC.70.