Indiana Statutes

§ 4-10-22-1.5 — Transfer of combined reserves in 2022

Indiana § 4-10-22-1.5
JurisdictionIndiana
Art. 10STATE FUNDS GENERALLY
Ch. 22Use of Excess Reserves

This text of Indiana § 4-10-22-1.5 (Transfer of combined reserves in 2022) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 4-10-22-1.5 (2026).

Text

5.This section applies only in calendar year 2022. Notwithstanding any other law, if, after the calculation required by section 1(d) of this chapter, the budget agency certifies that the state's combined reserve balance as calculated in section 1(d) of this chapter exceeds two billion five hundred million dollars ($2,500,000,000), the budget agency, after budget committee review, shall transfer the amount of combined state reserves that exceed two billion five hundred million dollars ($2,500,000,000) to the pre-1996 account (as defined in IC 5-10.2-1-5.5) for the purposes of the pre-1996 account. However, the amount transferred under this section may not exceed two billion five hundred million dollars ($2,500,000,000).

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Legislative History

As added by P.L.165-2021, SEC.39. Amended by P.L.138-2022, SEC.1.

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Bluebook (online)
Indiana § 4-10-22-1.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/4-10-22-1.5.