Indiana Code 10-17-13-15. Fund expenditures; fund transfers
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Sec. 15. (a) Each year after July 1 and before August 1, the commission shall determine:
(2) the amount of the expenditures from the military family relief fund during the immediately preceding state fiscal year.
(1) the amount of money in the fund on July 1; and
Terms Used In Indiana Code 10-17-13-15
- commission: refers to the Indiana veterans' affairs commission established by section 4 of this chapter. See Indiana Code 10-17-13-1.5
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- fund: refers to the veterans' affairs trust fund established by section 3 of this chapter. See Indiana Code 10-17-13-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(b) After making the determinations under subsection (a), if the amount determined under subsection (a)(1) exceeds three hundred percent (300%) of the amount determined under subsection (a)(2), the commission shall transfer from the fund to the military family relief fund an amount equal to:
(1) fifty percent (50%); multiplied by
(2) the difference of:
(A) the amount determined under subsection (a)(1); minus
(B) three hundred percent (300%) of the amount determined under subsection (a)(2).
As added by P.L.99-2016, SEC.14.