Indiana Code 23-20-1-27.5. Securities restitution fund; reverted funds
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 23-20-1-27.5
- 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 securities restitution fund established by section 25 of this chapter. See Indiana Code 23-20-1-3
Sec. 27.5. If the balance of the fund at the end of a particular state fiscal year exceeds two million dollars ($2,000,000), the amount that exceeds two million dollars ($2,000,000) reverts to the state general fund.
As added by P.L.156-2023, SEC.16.