Indiana Code 12-16.5-1-7. “Member state current year funding level”
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Terms Used In Indiana Code 12-16.5-1-7
- current year inflation adjustment factor: means the total gross domestic product deflator, as determined by the United States Department of Commerce's Bureau of Economic Analysis, in the current year divided by the total gross domestic product deflator in federal fiscal year 2010. See Indiana Code 12-16.5-1-3
- member state: means a state that has adopted the health care compact law. See Indiana Code 12-16.5-1-5
- member state current year population adjustment factor: means the average population of the member state in the current year, as determined by the United States Census Bureau, less the average population of the member state in federal fiscal year 2010, divided by the average population of the member state in federal fiscal year 2010 plus one (1). See Indiana Code 12-16.5-1-8
- Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 7. As used in this article, “member state current year funding level” means the member state base funding level multiplied by the member state current year population adjustment factor multiplied by the current year inflation adjustment factor.
As added by P.L.150-2012, SEC.1.