Indiana § 5-1.2-16-4 Annual allocation

Indiana Statutes

§ 5-1.2-16-4 — Annual allocation

Indiana § 5-1.2-16-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 16Bond Ceiling

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Bluebook

Ind. Code § 5-1.2-16-4 (2026).

Text

(a)On or before January 1 of each year, the authority shall determine the dollar amount of the volume cap for that year.

(b)Each year the volume cap shall be allocated among the categories specified in section 3 of this chapter as follows:

(c)Except as provided in subsection (d), the amount allocated to a category represents the maximum amount of the volume cap that will be reserved for bonds included within that category.

(d)The authority may adopt a resolution to alter the allocations made by subsection (b) for a year if the authority determines that the change is necessary to allow maximum usage of the volume cap and to promote the health and well-being of the residents of Indiana by promoting the public purposes served by the bond categories then subject to the volume cap.

(e)The

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(a) On or before January 1 of each year, the
authority shall determine the dollar amount of the volume cap for that
year.
(b) Each year the volume cap shall be allocated among the
categories specified in section 3 of this chapter as follows:
(c) Except as provided in subsection (d), the amount allocated to a
category represents the maximum amount of the volume cap that will
be reserved for bonds included within that category.
(d) The authority may adopt a resolution to alter the allocations
made by subsection (b) for a year if the authority determines that the
change is necessary to allow maximum usage of the volume cap and to
promote the health and well-being of the residents of Indiana by
promoting the public purposes served by the bond categories then
subject to the volume cap.
(e) The governor may, by executive order, establish for a year a
different dollar amount for the volume cap, different bond categories,
and different allocations among the bond categories than those set forth
in or established under this section and section 3 of this chapter if it
becomes necessary to adopt a different volume cap and bond category
allocation system in order to allow maximum usage of the volume cap
among the bond categories then subject to the volume cap and to
promote the health, welfare, and well-being of the residents of Indiana
by promoting the public purposes served by the bond categories then
subject to the volume cap.