Indiana Code 4-10-18-9. General fund revenues; shortfall; transfers
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Terms Used In Indiana Code 4-10-18-9
- Budget director: refers to the director of the budget agency established under IC 4-12-1. See Indiana Code 4-10-18-1
- 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: means the counter-cyclical revenue and economic stabilization fund established under this chapter. See Indiana Code 4-10-18-1
- General fund revenue: means all general purpose tax revenue and other unrestricted general purpose revenue of the state, including federal revenue sharing monies, credited to the state general fund and from which appropriations may be made. See Indiana Code 4-10-18-1
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 9. If the total state general fund revenues for a state fiscal year, in which a transfer into the fund is made, are less than the level estimated in the budget report prepared in accord with IC 4-12-1-12(a) or IC 4-12-1-12(c) and the shortfall cannot be attributed to a statutory change in the tax rate, the tax base, the fee schedules, or the revenue sources from which the general fund revenue estimate was made, the budget director, with the approval of the governor, may transfer from the fund to the state general fund an amount that may not exceed the amount that was transferred into the fund during that state fiscal year.
As added by Acts 1982, P.L.22, SEC.1. Amended by P.L.217-2017, SEC.38.