(b) If the act provides that a provision of the act takes effect:

(1) upon passage; or

(2) retroactively to a specified date;

then the provision takes effect upon approval of the act.

     (c) If:

(1) the act provides that a provision of the act takes effect on a specified date; and

(2) approval of the act occurs on or before the specified date;

then the provision takes effect on the specified effective date.

     (d) If:

(1) the act provides that a provision of the act takes effect on a specified date; and

(2) approval of the act occurs after the specified date;

then the provision takes effect on July 1 next following approval of the act.

     (e) If the act does not provide an effective date for a provision of the act, then the provision takes effect on July 1 next following approval of the act, subject to section 5 of this chapter.

As added by P.L.1-1987, SEC.2.