Skip to main content
Find a Lawyer

Indiana Code Title 4. State Offices and Administration § 4-10-18-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. (a) If the annual growth rate for the current reporting period exceeds two percent (2%), there is appropriated to the fund from the state general fund, for the state fiscal year beginning in the current calendar year, an amount equal to the product of:

(1) the total state general fund revenues for the state fiscal year ending in the current calendar year;  multiplied by

(2) the remainder of:

(A) the annual growth rate for the current reporting period;  minus

(B) two percent (2%).

(b) If the annual growth rate for the current reporting period is less than a negative two percent (-2%), there is appropriated from the fund to the state general fund, for the state fiscal year beginning in the current calendar year, an amount equal to the amount determined in STEP TWO of the following formula:

STEP ONE:  Determine the product of:

(A) the total state general fund revenues for the state fiscal year ending in the current calendar year;  multiplied by

(B) negative one (-1).

STEP TWO:  Determine the product of:

(A) the STEP ONE result;  multiplied by

(B) the remainder of:

(i) the annual growth rate for the current reporting period;  minus

(ii) negative two percent (-2%).

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-10-18-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-10-18-4/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard