Sec. 9. If the total state general fund revenues for a state fiscal year, in which a transfer into the fund is made, are less than the level estimated in the budget report prepared in accord with IC 4-12-1-12(a) or IC 4-12-1-12(c) and the shortfall cannot be attributed to a statutory change in the tax rate, the tax base, the fee schedules, or the revenue sources from which the general fund revenue estimate was made, the budget director, with the approval of the governor, may transfer from the fund to the state general fund an amount that may not exceed the amount that was transferred into the fund during that state fiscal year.
As added by Acts 1982, P.L.22, SEC.1. Amended by P.L.217-2017, SEC.38.
Structure Indiana Code
Title 4. State Offices and Administration
Article 10. State Funds Generally
Chapter 18. The Counter-Cyclical Revenue and Economic Stabilization Fund
4-10-18-2. Establishment; Administration by State Treasurer
4-10-18-3. Determination of Adjusted Personal Income and Annual Growth Rate
4-10-18-4. Annual Appropriation to and From General Fund; Determination of Amount
4-10-18-5. Annual Appropriation to and From General Fund; Certification of Amount; Transfer of Funds
4-10-18-6. Budget Reports; Statements of Actual or Estimated Transfers
4-10-18-7. Transfers; Adjustment
4-10-18-8. Excess Funds; Appropriations to State General Fund
4-10-18-9. General Fund Revenues; Shortfall; Transfers
4-10-18-10. Loan of Money From Fund; Application; Terms; Repayment; Eligible Entities
4-10-18-10-b. Loan of Money From Fund; Application; Terms; Repayment; Eligible Entities
4-10-18-11. Limitations on Loans
4-10-18-12. Appropriation to Underground Petroleum Storage Tank Excess Liability Trust Fund