Sec. 4. For purposes of section 3 of this chapter, Indiana nonfarm personal income is the estimate of total nonfarm personal income for Indiana in a calendar year as computed by the federal Bureau of Economic Analysis before December 31 immediately preceding the beginning of the first state fiscal year in a biennial budget period, using any:
(1) actual data available for the calendar year; and
(2) estimated data for the calendar year whenever actual data is not available.
As added by P.L.192-2002(ss), SEC.4.
Structure Indiana Code
Title 4. State Offices and Administration
Article 10. State Funds Generally
Chapter 21. Business Cycle State Spending Controls
4-10-21-1. "State Spending Cap" Defined
4-10-21-2. State Spending Cap Formula
4-10-21-3. State Spending Growth Quotient; Calculation by Budget Agency
4-10-21-4. Determination of Indiana Nonfarm Personal Income
4-10-21-5. Prohibition on Spending Exceeding State Spending Cap
4-10-21-6. Exclusions From State Spending Cap