Indiana Code Title 6. Taxation § 6-3.6-9-20

Sec. 20. (a) The state and local income tax holding account is established within the state general fund for the purposes of this chapter.  The budget agency shall administer the account.  The account consists of the following:

(b) The treasurer of state shall invest the money in the account not currently needed for the purposes of the account in the same manner as other public funds may be invested.

(c) Money in the account is continuously appropriated for the purposes of this chapter.

(d) Money in the account at the end of a state fiscal year does not revert to the state general fund.

(e) Money transferred to the account shall be distributed and allocated as set forth in this chapter.

(f) The budget director shall have the discretion to manage transfers of money into and out of the account based on the current process used for continuous assessment of revenue flows and reconciliation based on the latest data.