reglab/housing_qa huggingface dataset:
IN Code § 4-10-18-14 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 18. The Counter-Cyclical Revenue and Economic Stabilization Fund|4-10-18-14. Investment of Proceeds; Reversion

Sec. 14. (a) The treasurer of state shall invest the money in the economic growth initiatives account not currently needed to further the purposes of the account in the same manner as other public funds may be invested. Income from these investments shall be deposited in the fund, but not the account, and any losses from the investments shall be charged against the fund, but not the account.(b) Expenses of managing the economic growth initiatives account shall be paid from money in the account.(c) Money in the economic growth initiatives account does not revert to the fund or the state general fund at the end of a state fiscal year. However, if the account is abolished, money in the account shall be deposited in the fund.(d) If no grant agreement for a qualified economic growth initiative for a government building that is to be occupied by an agency of the federal government has been executed and delivered under section 16 of this chapter before March 1, 1994:(1) the money in the account reverts to the fund on March 1, 1994; and(2) the auditor of state shall abolish the account on March 1, 1994.As added by P.L.28-1993, SEC.3.
IN Code § 4-10-18-15 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 18. The Counter-Cyclical Revenue and Economic Stabilization Fund|4-10-18-15. Use of Proceeds

Sec. 15. (a) Money in the economic growth initiatives account may be used only for grants to or for the benefit of political subdivisions for costs of qualified economic growth initiatives.(b) Making grants for qualified economic growth initiatives under this chapter will serve a public purpose by creating and retaining jobs and promoting economic growth and development within Indiana and will serve essential governmental functions and public activities within Indiana.As added by P.L.28-1993, SEC.4.
IN Code § 4-10-18-16 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 18. The Counter-Cyclical Revenue and Economic Stabilization Fund|4-10-18-16. Grants

Sec. 16. (a) Grants to or on behalf of political subdivisions for qualified economic growth initiatives shall be made by the Indiana economic development corporation established by IC 5-28-3-1.(b) Each grant shall be made under a grant agreement by and between:(1) the Indiana economic development corporation; and(2) the political subdivision proposing the economic growth initiative or the person (as defined in IC 36-1-2-12) acting on behalf of the political subdivision.(c) Each grant agreement shall describe in detail:(1) the qualified economic growth initiative;(2) the financing plan by the political subdivision proposing the economic growth initiative or by the person acting on behalf of the political subdivision; and(3) the estimated cost of the economic growth initiative and all sources of money for the initiative.(d) The Indiana economic development corporation may not execute and deliver a grant agreement under this section, and no money may be disbursed from the economic growth initiatives account, until the grant agreement has been:(1) reviewed by the budget committee established by IC 4-12-1-3; and(2) approved by the budget agency established by IC 4-12-1-3.(e) In addition to the requirements of subsection (d), no money may be disbursed for a grant from the economic growth initiatives account without an appropriation made by the general assembly for that purpose, unless the grant is for a qualified economic growth initiative for a government building that is to be occupied by an agency of the federal government.(f) Not more than twenty-five percent (25%) of any grant may be used for training or retraining employees whose jobs will be created or retained as a result of the economic growth initiative.As added by P.L.28-1993, SEC.5. Amended by P.L.4-2005, SEC.6.
IN Code § 4-10-21-1 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 21. Business Cycle State Spending Controls|4-10-21-1. "State Spending Cap" Defined

Sec. 1. As used in this chapter, "state spending cap" refers to the state spending cap determined under section 2 of this chapter.As added by P.L.192-2002(ss), SEC.4.
IN Code § 4-10-21-2 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 21. Business Cycle State Spending Controls|4-10-21-2. State Spending Cap Formula

Sec. 2. (a) For the state fiscal year beginning July 1, 2003, and ending June 30, 2004, the state spending cap is equal to the result determined under STEP THREE of the following formula:STEP ONE: Determine the sum of the total of the appropriations made from the state general fund and the property tax replacement fund (including continuing appropriations) for the state fiscal year beginning July 1, 2002, and ending June 30, 2003.STEP TWO: Subtract from the STEP ONE result two hundred forty-three million dollars ($243,000,000), which is the amount of certain reversions made by state agencies.STEP THREE: Multiply the STEP TWO result by one and thirty-five thousandths (1.035).(b) For the state fiscal year beginning July 1, 2004, and ending June 30, 2005, the state spending cap is equal to the product of the result determined under subsection (a) multiplied by one and thirty-five thousandths (1.035).(c) The state spending cap for a state fiscal year beginning after June 30, 2005, is equal to the product of the state spending growth quotient for the state fiscal year determined under section 3 of this chapter multiplied by the state spending cap for the immediately preceding state fiscal year.(d) The state spending cap imposed under this section is increased in the initial state fiscal year in which the state receives additional revenue for deposit in the state general fund as a result of the enactment of a law that:(1) establishes a new tax or fee after June 30, 2002;(2) increases the rate of a previously enacted tax or fee after June 30, 2002; or(3) reduces or eliminates an exemption, a deduction, or a credit against a previously enacted tax or fee after June 30, 2002.The amount of the increase is equal to the average revenue that the budget agency estimates will be raised by the legislative action in the initial two (2) full state fiscal years in which the legislative change is in effect.(e) The state spending cap imposed under this section is decreased in the initial state fiscal year in which the state is affected by a decrease in revenue deposited in the state general fund as the result of the enactment of a law that:(1) eliminates a tax or fee after June 30, 2002;(2) eliminates any part of a tax rate or fee after June 30, 2002; or(3) establishes or increases an exemption, a deduction, or a credit against a tax or fee after June 30, 2002.The amount of the decrease is equal to the average revenue that the budget agency estimates will be lost as a result of the legislative action in the initial two (2) full state fiscal years in which the legislative change is in effect.As added by P.L.192-2002(ss), SEC.4. Amended by P.L.146-2008, SEC.10.
IN Code § 4-10-21-3 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 21. Business Cycle State Spending Controls|4-10-21-3. State Spending Growth Quotient; Calculation by Budget Agency

Sec. 3. The budget agency shall compute a new state spending growth quotient under this section before December 31 in 2004 and each even-numbered year thereafter. The state spending growth quotient determined under this section applies to each of the state fiscal years in the immediately following biennial budget period. The state spending growth quotient to be used in the biennial budget period is the amount determined under STEP FOUR of the following formula:STEP ONE: For each of the six (6) calendar years immediately preceding the beginning of the first state fiscal year in a biennial budget period, divide the Indiana nonfarm personal income for the calendar year by the Indiana nonfarm personal income for the calendar year immediately preceding that calendar year.STEP TWO: Determine the sum of the STEP ONE results.STEP THREE: Divide the STEP TWO result by six (6).STEP FOUR: Determine the lesser of the following:(A) The STEP THREE quotient.(B) One and six-hundredths (1.06).As added by P.L.192-2002(ss), SEC.4.
IN Code § 4-10-21-4 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 21. Business Cycle State Spending Controls|4-10-21-4. Determination of Indiana Nonfarm Personal Income

Sec. 4. For purposes of section 3 of this chapter, Indiana nonfarm personal income is the estimate of total nonfarm personal income for Indiana in a calendar year as computed by the federal Bureau of Economic Analysis before December 31 immediately preceding the beginning of the first state fiscal year in a biennial budget period, using any:(1) actual data available for the calendar year; and(2) estimated data for the calendar year whenever actual data is not available.As added by P.L.192-2002(ss), SEC.4.
IN Code § 4-10-21-5 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 21. Business Cycle State Spending Controls|4-10-21-5. Prohibition on Spending Exceeding State Spending Cap

Sec. 5. (a) The maximum total amount that may be expended in a state fiscal year from the state general fund and the counter-cyclical revenue and economic stabilization fund is the least of the following:(1) Subject to sections 6 and 7 of this chapter, the state spending cap for the state fiscal year.(2) The amount appropriated by the general assembly from the state general fund and the counter-cyclical revenue and economic stabilization fund.(3) The amount of money available in the state general fund and the counter-cyclical revenue and economic stabilization fund to pay expenditures.(b) Subject to sections 6 and 7 of this chapter, if the state spending cap for the state fiscal year is less than the amount appropriated by the general assembly in the state fiscal year from the state general fund and the counter-cyclical revenue and economic stabilization fund, the budget agency shall reduce the amounts available for expenditure from the state general fund and the counter-cyclical revenue and economic stabilization fund in the state fiscal year by using the procedures in IC 4-13-2-18.As added by P.L.192-2002(ss), SEC.4. Amended by P.L.146-2008, SEC.11.
IN Code § 4-10-21-6 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 21. Business Cycle State Spending Controls|4-10-21-6. Exclusions From State Spending Cap

Sec. 6. The following expenditures that would otherwise be subject to this chapter shall be excluded from all computations and determinations related to a state spending cap:(1) Expenditures derived from money deposited in the state general fund and the counter-cyclical revenue and economic stabilization fund from any of the following:(A) Gifts.(B) Federal funds.(C) Dedicated funds.(D) Intergovernmental transfers.(E) Damage awards.(F) Property sales.(2) Expenditures for any of the following:(A) Transfers of money among the state general fund and the counter-cyclical revenue and economic stabilization fund.(B) Reserve fund deposits.(C) Refunds of intergovernmental transfers.(D) Payment of judgments against the state and settlement payments made to avoid a judgment against the state, other than a judgment or settlement payment for failure to pay a contractual obligation or a personnel expenditure.(E) Distributions or allocations of state tax revenues to a unit of local government under IC 36-7-13, IC 36-7-26, IC 36-7-27, IC 36-7-31, or IC 36-7-31.3.(F) Motor vehicle excise tax replacement payments that are derived from amounts transferred to the state general fund from the lottery surplus fund.(G) Distributions of state tax revenues collected under IC 7.1 that are payable to cities and towns.As added by P.L.192-2002(ss), SEC.4. Amended by P.L.146-2008, SEC.12; P.L.108-2019, SEC.55.
IN Code § 4-10-21-7 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 21. Business Cycle State Spending Controls|4-10-21-7. Exemptions by Action of General Assembly

Sec. 7. (a) An appropriation otherwise subject to the state spending cap limitation imposed by section 5 of this chapter shall be treated as exempt from the state spending cap limitation only if the general assembly specifically exempts the appropriation from the state spending cap in clear and unambiguous language contained in the bill making the appropriation.(b) The following language shall be treated as meeting the requirements of subsection (a):"The general assembly waives the state spending cap limitation imposed by IC 4-10-21-5 for the state fiscal year beginning July 1, (insert the applicable year), and ending June 30, (insert the applicable year), for the following appropriation: (insert the language of the appropriation). Notwithstanding IC 4-10-21-5(a)(1), the budget agency may allot appropriations for the appropriation without making any reduction under IC 4-10-21-5(b).".(c) Language in a bill such as "Notwithstanding IC 4-10-21" or "IC 4-10-21 does not apply to this appropriation" shall not be treated as meeting the requirements of subsection (a). The budget agency may consider the language described in this subsection or other language that does not meet the requirements of subsection (a) only in determining which appropriations to make available for expenditure under section 5(b) of this chapter.As added by P.L.192-2002(ss), SEC.4.
IN Code § 4-10-21-8 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 21. Business Cycle State Spending Controls|4-10-21-8. Annual Report; Budget Agency

Sec. 8. Not earlier than December 1 and not later than the first session day of the general assembly after December 31 of each even-numbered year, the budget agency shall submit a report in an electronic format under IC 5-14-6 to the executive director of the legislative services agency that includes at least the following information:(1) The state spending cap for each of the state fiscal years in the immediately following biennial budget period.(2) The supporting data and calculations necessary for a person to independently verify the manner in which the state spending caps described in subdivision (1) were determined.As added by P.L.192-2002(ss), SEC.4. Amended by P.L.28-2004, SEC.34.
IN Code § 4-10-22-1 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 22. Use of Excess Reserves|4-10-22-1. Calculation of State Reserves

Sec. 1. (a) After the end of the state fiscal year beginning July 1, 2015, and ending June 30, 2016, and after the end of each odd-numbered state fiscal year thereafter, the office of management and budget shall calculate in the customary manner the total amount of state reserves as of the end of the state fiscal year. The office of management and budget shall make the calculation not later than July 31, 2016, and not later than July 31 of each odd-numbered year thereafter.(b) The office of management and budget may not consider a balance in the state tuition reserve account established by IC 4-12-1-15.7 when making the calculation required by subsection (a) in 2017 and in an odd-numbered year thereafter.(c) The office of management and budget shall consider a balance in the state tuition reserve account established by IC 4-12-1-15.7 when making the calculation required by subsection (a) in 2016.(d) This subsection applies in 2022. After the end of the state fiscal year beginning July 1, 2021, and ending June 30, 2022, the office of management and budget shall calculate in the customary manner the total amount of state reserves as of the end of the state fiscal year. In making the calculation, the office of management and budget shall include a balance in the state tuition reserve account established by IC 4-12-1-15.7. The office of management and budget shall make the calculation of the combined reserve balance required by this subsection not later than July 31, 2022.As added by P.L.229-2011, SEC.44. Amended by P.L.160-2012, SEC.2; P.L.205-2013, SEC.60; P.L.213-2015, SEC.40; P.L.146-2016, SEC.1; P.L.165-2021, SEC.38.
IN Code § 4-10-22-1.5 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 22. Use of Excess Reserves|4-10-22-1.5. Transfer of Combined Reserves in 2022

Sec. 1.5. This section applies only in calendar year 2022. Notwithstanding any other law, if, after the calculation required by section 1(d) of this chapter, the budget agency certifies that the state's combined reserve balance as calculated in section 1(d) of this chapter exceeds two billion five hundred million dollars ($2,500,000,000), the budget agency, after budget committee review, shall transfer the amount of combined state reserves that exceed two billion five hundred million dollars ($2,500,000,000) to the pre-1996 account (as defined in IC 5-10.2-1-5.5) for the purposes of the pre-1996 account.As added by P.L.165-2021, SEC.39.
IN Code § 4-10-22-2 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 22. Use of Excess Reserves|4-10-22-2. Determination of Excess Reserves; Presentation to Budget Committee

Sec. 2. If:(1) the total amount of state reserves calculated by the office of management and budget exceeds:(A) eleven and five-tenths percent (11.5%) of the general revenue appropriations for the current state fiscal year, in the case of a calculation made in calendar year 2016; or(B) twelve and five-tenths percent (12.5%) of the general revenue appropriations for the current state fiscal year, in the case of a calculation made in 2017 and in an odd-numbered year thereafter; and(2) the accounts payable by the state at the end of the preceding state fiscal year are not unusually large as a percentage of the total amount of state reserves (as compared to recent history);the governor shall make a presentation to the state budget committee regarding the disposition of excess state reserves under section 3 of this chapter. The presentation must be made not later than September 30, 2016, not later than September 30, 2017, and not later than September 30 of each odd-numbered year thereafter.As added by P.L.229-2011, SEC.44. Amended by P.L.160-2012, SEC.3; P.L.146-2016, SEC.2.
IN Code § 4-10-22-3 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 22. Use of Excess Reserves|4-10-22-3. Transfer of Excess Reserves

Sec. 3. (a) This subsection does not apply in calendar year 2016. If, after completing the presentation to the state budget committee described in section 2 of this chapter, the amount of the excess reserves is fifty million dollars ($50,000,000) or more, the governor shall do the following:(1) If the year is calendar year 2013, transfer one hundred percent (100%) of the excess reserves to the pension stabilization fund established by IC 5-10.4-2-5 for the purposes of the pension stabilization fund. If the year is calendar year 2014 or the calendar year is 2017 or an odd-numbered year thereafter, transfer fifty percent (50%) of any excess reserves to the pension stabilization fund established by IC 5-10.4-2-5 for the purposes of the pension stabilization fund.(2) If the year is calendar year 2014 or the calendar year is 2017 or an odd-numbered year thereafter, use fifty percent (50%) of any excess reserves for the purposes of providing an automatic taxpayer refund under section 4 of this chapter.(b) This subsection applies in calendar year 2016. If excess reserves exist, and after completing the calculation required in section 1 of this chapter and the presentation to the state budget committee described in section 2 of this chapter, the governor shall transfer one hundred percent (100%) of the excess reserves as follows:(1) Fifty-five percent (55%) of the excess reserves transferred shall be transferred to the state highway fund.(2) Forty-five percent (45%) of the excess reserves transferred shall be transferred to the local road and bridge matching grant fund established by IC 8-23-30.This transfer shall be made from the state general fund. Money transferred to the state highway fund under this subsection is appropriated from the state highway fund to the Indiana department of transportation for the Indiana department of transportation's use for preserving and reconstructing existing state highways and bridges for which the Indiana department of transportation is responsible. Money transferred to the state highway fund under this subsection does not revert to the state general fund at the end of a state fiscal year.As added by P.L.229-2011, SEC.44. Amended by P.L.160-2012, SEC.4; P.L.205-2013, SEC.61; P.L.91-2014, SEC.1; P.L.146-2016, SEC.3.
IN Code § 4-10-22-4 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 22. Use of Excess Reserves|4-10-22-4. Refund of Excess Reserves to Taxpayers

Sec. 4. The following apply if sufficient excess state reserves are available to provide an automatic taxpayer refund to each taxpayer eligible for a refund:(1) To qualify for a refund, a taxpayer:(A) must have filed an Indiana resident individual adjusted gross income tax return for the taxpayer's taxable year ending in the calendar year immediately preceding the calendar year in which a determination is made under section 1 of this chapter that the state has excess reserves; and(B) must have adjusted gross income tax liability for the taxpayer's taxable year ending in the calendar year in which a determination is made under section 1 of this chapter that the state has excess reserves.(2) The amount of the refund is determined for each qualifying taxpayer as follows:STEP ONE: Determine the total amount of excess state reserves that under section 3 of this chapter are available to provide automatic taxpayer refunds.STEP TWO: Determine the total number of taxpayers that qualify for a refund under subdivision (1).STEP THREE: Determine the result of:(A) the STEP ONE result; divided by(B) the STEP TWO result;as rounded to the nearest dollar.(3) The refund is a refundable credit that shall first be applied as a credit against adjusted gross income tax liability in the taxpayer's taxable year in which a refund is provided. Any remaining unused credit shall be refunded to the taxpayer. The credit may not be carried forward.(4) If an individual and the individual's spouse are both qualifying taxpayers for purposes of this section for a taxable year and file a joint Indiana resident individual adjusted gross income tax return for the taxable year:(A) the individual and the individual's spouse are considered two (2) taxpayers for purposes of determining the amount of the refund under subdivision (2) for a qualifying taxpayer; and(B) the amount of the refund that the individual and the individual's spouse are entitled to claim is equal to the amount of any refund determined under subdivision (2) for a qualifying taxpayer, multiplied by two (2).As added by P.L.229-2011, SEC.44. Amended by P.L.160-2012, SEC.5.
IN Code § 4-10-22-5 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 22. Use of Excess Reserves|4-10-22-5. Appropriation

Sec. 5. There is appropriated a sufficient amount in a state fiscal year to carry out this chapter.As added by P.L.229-2011, SEC.44.
IN Code § 4-10-23-1 (2021)
2021 Indiana Code|Title 4. State Offices and Administration|Article 10. State Funds Generally|Chapter 23. Motorsports Investment District Credits|4-10-23-1. Application

Sec. 1. This chapter applies to a motorsports investment district established under IC 5-1-17.5.As added by P.L.233-2013, SEC.4.