Indiana § 4-10-22-1.6 Transfer of combined reserves in 2024

Indiana Statutes

§ 4-10-22-1.6 — Transfer of combined reserves in 2024

Indiana § 4-10-22-1.6

Art. 10STATE FUNDS GENERALLY

Ch. 22Use of Excess Reserves

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Bluebook

Ind. Code § 4-10-22-1.6 (2026).

Text

6.This section applies only in calendar year 2024. Notwithstanding any other law, if, after the calculation in calendar year 2024 required by section 1(e) of this chapter, the budget agency certifies that the state's combined reserve balance as calculated in section 1(e) of this chapter exceeds three billion dollars ($3,000,000,000), the budget agency, after budget committee review, shall transfer the amount of combined state reserves that exceed three billion dollars ($3,000,000,000) to the pre-1996 account (as defined in IC 5-10.2-1-5.5) for the purposes of the pre-1996 account.

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6. This section applies only in calendar year
2024. Notwithstanding any other law, if, after the calculation in
calendar year 2024 required by section 1(e) of this chapter, the budget
agency certifies that the state's combined reserve balance as calculated
in section 1(e) of this chapter exceeds three billion dollars
($3,000,000,000), the budget agency, after budget committee review,
shall transfer the amount of combined state reserves that exceed three
billion dollars ($3,000,000,000) to the pre-1996 account (as defined in
IC 5-10.2-1-5.5) for the purposes of the pre-1996 account.