Indiana § 5-1.2-16-6 Year end; unused amounts

Indiana Statutes

§ 5-1.2-16-6 — Year end; unused amounts

Indiana § 5-1.2-16-6

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 16Bond Ceiling

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Bluebook

Ind. Code § 5-1.2-16-6 (2026).

Text

(a)At 5 p.m. on December 20 of each year, all categories established by section 3 of this chapter are eliminated and any remaining amounts in those categories shall be placed in a single noncategorized state pool.

(b)After 5 p.m. on December 20 of each year, applications for a grant of volume cap shall be granted from the single noncategorized state pool. These applications shall be granted in the order of priority established in the guidelines adopted under section 7 of this chapter.

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(a) At 5 p.m. on December 20 of each year, all
categories established by section 3 of this chapter are eliminated and
any remaining amounts in those categories shall be placed in a single
noncategorized state pool.
(b) After 5 p.m. on December 20 of each year, applications for a
grant of volume cap shall be granted from the single noncategorized
state pool. These applications shall be granted in the order of priority
established in the guidelines adopted under section 7 of this chapter.