reglab/statecodes huggingface dataset:
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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) Subject to subsection (f), 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.
(e) This subsection applies in 2024. After the end of the state fiscal year beginning July 1, 2023, and ending June 30, 2024, 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, 2024.
(f) This subsection applies in 2025. In making the calculation in calendar year 2025 under subsection (a), the office of management and budget shall include a balance in the state tuition reserve account established by IC 4-12-1-15.7.
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; P.L.201-2023, SEC.63.
2023 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. However, the amount transferred under this section may not exceed two billion five hundred million dollars ($2,500,000,000).
As added by P.L.165-2021, SEC.39. Amended by P.L.138-2022, SEC.1.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 22. Use of Excess Reserves › 4-10-22-1.6. Transfer of Combined Reserves in 2024

Sec. 1.6. This section applies only in calendar year 2024. Notwithstanding any other law, if, after the calculation in calendar year 2024 required by section 1(e) of this chapter, the budget agency certifies that the state's combined reserve balance as calculated in section 1(e) of this chapter exceeds three billion dollars ($3,000,000,000), the budget agency, after budget committee review, shall transfer the amount of combined state reserves that exceed three billion dollars ($3,000,000,000) 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.201-2023, SEC.64.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 22. Use of Excess Reserves › 4-10-22-1.7. Transfer of Combined Reserves in 2025

Sec. 1.7. This section applies only in calendar year 2025. Notwithstanding any other law, if, after the calculation in calendar year 2025 required by section 1(a) of this chapter, the budget agency certifies that the state's combined reserve balance as calculated in section 1 of this chapter exceeds three billion dollars ($3,000,000,000), the budget agency, after budget committee review, shall transfer the amount of combined state reserves that exceed three billion dollars ($3,000,000,000) 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.201-2023, SEC.65.
2023 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.
2023 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 or calendar year 2025. 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 other than calendar year 2023 or 2025, 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. If the year is calendar year 2023, transfer the first one billion dollars ($1,000,000,000) 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 other than calendar year 2023 or 2025, use fifty percent (50%) of any excess reserves for the purposes of providing an automatic taxpayer refund under section 4 of this chapter. If the year is calendar year 2023, after transferring the first one billion dollars ($1,000,000,000) to the pension stabilization fund under subdivision (1), use the remaining excess reserves, if any, for the purposes of providing an automatic taxpayer refund under section 4 of this chapter.
(b) This subsection applies only 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; P.L.180-2022(ss), SEC.1; P.L.201-2023, SEC.66.
2023 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 must have filed, by the end of the calendar year in which a determination is made under section 1 of this chapter that the state has excess reserves, 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 such a determination is made.
(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 file a joint Indiana resident individual adjusted gross income tax return for the taxable year ending in the calendar year immediately preceding the year in which a determination is made under section 1 of this chapter that the state has excess reserves:
(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).
(5) The refund under this chapter is subject to IC 6-8.1-9-2, IC 6-8.1-9.5, and IC 6-8.1-9.7.
As added by P.L.229-2011, SEC.44. Amended by P.L.160-2012, SEC.5; P.L.2-2022, SEC.1.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-3. "Credit"

Sec. 3. As used in this chapter, "credit" refers to a credit provided to the owner or owners of the qualified motorsports facility for the preceding state fiscal year under section 12 of this chapter.
As added by P.L.233-2013, SEC.4.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-5. "Gross Retail Base Period Amount"

Sec. 5. As used in this chapter, "gross retail base period amount" means the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5 by a taxpayer during the full calendar year of 2012 with respect to its operations in a district.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.1.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-6. "Gross Retail Incremental Amount"

Sec. 6. As used in this chapter, "gross retail incremental amount" means the remainder of:
(1) the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5 by a taxpayer during a calendar year with respect to its operations in a district; minus
(2) the gross retail base period amount.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.2.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-7. "Income Tax Base Period Amount"

Sec. 7. As used in this chapter, "income tax base period amount" means the aggregate amount of state adjusted gross income taxes paid or remitted by or on behalf of a taxpayer during the calendar year of 2012 with respect to income earned or attributable to the taxpayer's activities in the district.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.3.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-8. "Income Tax Incremental Amount"

Sec. 8. As used in this chapter, "income tax incremental amount" means the remainder of:
(1) the aggregate amount of state adjusted gross income taxes paid or remitted during a calendar year with respect to income earned or attributable to the taxpayer's activities in the district; minus
(2) the income tax base period amount.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.4.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-9. "Qualified Motorsports Facility"

Sec. 9. As used in this chapter, "qualified motorsports facility" has the meaning set forth in IC 5-1-17.5-14.
As added by P.L.233-2013, SEC.4.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-10. Calculation of Incremental Amounts; Reporting

Sec. 10. (a) Before the first business day in October of each year, the department of state revenue shall calculate the income tax incremental amount and the gross retail incremental amount for the preceding calendar year for the district.
(b) Businesses operating in the district shall report, in the manner and in the form prescribed by the department of state revenue, information that the department determines necessary to calculate incremental gross retail, use, and income taxes.
(c) It is the intent of this section to identify all sales, use, and income taxes of all taxpayers that are apportionable to the taxpayer's activities in the district. This section shall be broadly construed by the department of state revenue in order to achieve the purposes of IC 5-1-17.5.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.5.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-11. Determination of Incremental Amounts and Admissions Fees for Preceding Calendar Year

Sec. 11. Before the first business day in November of each year, the department of state revenue shall determine the sum of the following amounts for the preceding calendar year for the district:
(1) The income tax incremental amount.
(2) The gross retail incremental amount.
(3) The amount of admissions fees deposited in the state general fund under IC 6-8-14.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.6.
2023 Indiana Code › Title 4. State Offices and Administration › Article 10. State Funds Generally › Chapter 23. Motorsports Investment District Credits › 4-10-23-12. Notification of Amounts Determined; Credits Against Obligations

Sec. 12. The department of state revenue shall annually notify the Indiana finance authority, the commission, the budget agency, and the owner or owners of a qualified motorsports facility of the sum of:
(1) the amount determined under section 11 of this chapter; and
(2) the amount reverted to the state general fund from the motorsports facility fund established under IC 5-1-17.5-30.5;
which sum shall be credited to the obligations of the owner or owners of a qualified motorsports facility in accordance with the provisions of IC 5-1-17.5.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.7.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 1. Procedures for Collection of Loans › 4-11-1-1. Loan Greater Than Amount Authorized by Law; Validity of Security

Sec. 1. The bonds, mortgages, notes, or other evidences of debt, or instruments of writing, executed by any person or persons, or that may hereafter be executed, for loans of money of any of the trust or other funds of the state, authorized by law to be loaned, being the same are hereby declared not to be invalid on account of the amount of such loan being for a larger sum than was, is, or may be contemplated or authorized by law, but the same are hereby declared to be as valid and obligatory, in every respect, as if the loan for which the same are executed had been for no greater amount than was, by law, in such case contemplated or authorized.
Formerly: Acts 1855, c.54, s.1.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 1. Procedures for Collection of Loans › 4-11-1-2. Suits for Recovery of Loan; Defense; Loan Greater Than Authorized by Law; Validity of Title to Land; Liability of Officers

Sec. 2. No borrower shall be permitted to defend any suit brought for the recovery of money on the ground that the officer who made the loan loaned a greater sum than the law authorized; nor shall any title to land, or lands and tenements, be considered invalid because the mortgage upon which it was or may be sold was or is or may be for a sum greater than the law authorized to be loaned. This chapter shall not be construed as to release any officer charged with the loaning of the funds, or any of them, or the officer's or their securities, from any liability incurred after August 17, 1855, for breach of duty.
Formerly: Acts 1855, c.54, s.2. As amended by P.L.5-1984, SEC.39; P.L.215-2016, SEC.69.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 1. Procedures for Collection of Loans › 4-11-1-3. Default; Suits

Sec. 3. When any default is made in the payment of the principal or the interest of any loan from the sinking fund, surplus revenue fund, congressional township fund, college fund or any other of the trust or other funds of the state, suit shall, in the first instance, be brought upon the bond in every case where the obligor is considered responsible and where the mortgage is considered insufficient; and, ultimately, for any deficit, proceedings may be had upon the mortgage as now authorized.
Formerly: Acts 1855, c.54, s.3.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 1. Procedures for Collection of Loans › 4-11-1-4. Mortgage Sales; State Bidding in Property; Surplus Sale Proceeds

Sec. 4. In all cases where the mortgagor is considered of doubtful solvency, and the property, when offered for sale, will not bring the amount due on the mortgage, the state may bid in the property for what the same may be considered worth, and hold the mortgagor liable upon the mortgagor's bond for the deficiency. If the state subsequently sells any land that was bid in for more than the amount of principal, interest, damages, and costs due from the mortgagor or mortgagors, the mortgagor or mortgagors shall be entitled to the surplus.
Formerly: Acts 1855, c.54, s.4. As amended by P.L.215-2016, SEC.70.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 1. Procedures for Collection of Loans › 4-11-1-5. Substitutions; Diminishing Security

Sec. 5. The laws limiting the amount to be loaned by the officers having charge of the funds shall not prevent substitutions, but the substitutions may be made by the borrower, or any third person by the person's consent where the officer having control of the fund believes the interest of the fund will not suffer. The mortgaged security shall, in no case, be diminished, but may be increased, if considered insufficient.
Formerly: Acts 1855, c.54, s.5. As amended by P.L.215-2016, SEC.71.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 1. Procedures for Collection of Loans › 4-11-1-6. Repealed

Formerly: Acts 1855, c.54, s.6. As amended by Acts 1978, P.L.2, SEC.405. Repealed by P.L.126-2012, SEC.8.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 2. Release of Certain Mortgages to State or State Trust Funds › 4-11-2-1. Loans of State Funds; Release of Mortgages; Evidence of Payment

Sec. 1. (a) In all cases where lands in this state have been mortgaged to the state of Indiana, or to trustees or to custodians of the funds hereinafter named, or to the officers having had control and management prior to January 1, 1900, to secure the loans of the Indianapolis funds, the bank tax fund, the treasury fund, the congressional fund, the saline fund, the sinking fund, the state surplus revenue fund, the county surplus fund, the state university fund, the college fund, the seminary fund, the permanent endowment fund and all other state trust funds of this state, except the common school fund, and the loans have been paid and not released, or not legally and properly released of record, or, having been released, the releases have been lost before being recorded in the proper recorder's office, the auditor of state of the state of Indiana is authorized and directed to execute a release of the mortgage under the auditor of state's hand and the seal of the auditor of state's office.
(b) In case evidence of the payment of mortgage debts appears in the records in the office of the auditor of state, or in the office of the treasurer of state, then the release of the mortgage shall be executed without further proof, but if not, then the auditor of state shall require documentary evidence and affidavits or other proof to be filed in the auditor of state's office, which shall establish to the auditor of state's satisfaction the fact of full payment of the mortgage debt, and the auditor of state shall release the mortgage.
Formerly: Acts 1919, c.28, s.1. As amended by P.L.215-2016, SEC.72.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 2. Release of Certain Mortgages to State or State Trust Funds › 4-11-2-2. School Fund Mortgages; Examination of Records

Sec. 2. (a) Because there exists in recorder's offices in various counties a large number of school fund mortgages that:
(1) appear unsatisfied of record; and
(2) have been paid;
the county auditor of any county where the mortgaged lands are situated, when requested by the mortgagor or owner of the mortgaged lands, shall examine the ledgers or other records of the county auditor's office and compare the records with the receipts of money for school fund mortgages in the treasurer's office of the county.
(b) If, upon the examination and comparison, and according to all facts that are known to the county auditor, or that come to the county auditor's knowledge, the county auditor finds that a mortgage in the recorder's office of the county that appears unsatisfied of record has been paid, the county auditor shall make an entry of satisfaction upon the margin of the record in the recorder's office, showing the mortgage as paid.
(c) The mortgagor or owner of the lands shall pay to the county auditor a fee of twenty-five cents ($0.25) for services provided under this section. The mortgagor or owner shall also pay to the recorder the county recorder's fee provided for releasing mortgages.
[Pre-2006 Education Finance Recodification Citation: 21-1-20-1.]
As added by P.L.2-2006, SEC.4.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 2. Release of Certain Mortgages to State or State Trust Funds › 4-11-2-3. School Fund Mortgages; Counties; Settlement of Claim

Sec. 3. If:
(1) a person has purchased and been granted a deed of conveyance to any lands sold for delinquent taxes by the county treasurer of any county;
(2) at the time when the lands were sold, there was an unpaid school loan, secured by mortgage, on the lands, and the mortgage was foreclosed by the county after the sale; and
(3) through the foreclosure proceedings, the county acquired title to the lands;
the board of commissioners of the county in which the lands are situated may pay to the person who holds the tax deed to the lands any sum that may be agreed upon, not exceeding the amount that the purchaser paid for the lands at the tax sale, together with an amount equal to any taxes that the purchaser of the lands paid, not including any interest, on the condition that the holder of the tax deed to the lands execute to the board of commissioners of the county a quitclaim deed to the lands. All expenditures authorized under this section shall be paid out of the county general fund without any appropriation being made for the expenditure.
[Pre-2006 Education Finance Recodification Citation: 21-1-27-1.]
As added by P.L.2-2006, SEC.5. Amended by P.L.238-2019, SEC.1.
2023 Indiana Code › Title 4. State Offices and Administration › Article 11. Loans of State Funds and Mortgages to State › Chapter 3. Release of Mortgages to Secure Loans of United States Government Surplus Revenue Funds › 4-11-3-1. State Auditor; Satisfaction of Mortgages; Security for Loans of United States Government Surplus Revenue Funds

Sec. 1. The auditor of state is authorized to enter satisfaction of the mortgages executed to the state of Indiana to secure loans made by the agents of the state appointed in the several counties of the state to loan the surplus revenue funds deposited with the state by the government of the United States and apportioned to the several counties of the state, and now remaining unsatisfied upon the records in the recorders' offices of the several counties of the state.
Formerly: Acts 1889, c.172, s.1. As amended by P.L.215-2016, SEC.73.
2023 Indiana Code › Title 4. State Offices and Administration › Article 12. Appropriations Management › Chapter 1. The Budget Agency › 4-12-1-1. Short Title; Purposes

Sec. 1. (a) This chapter shall be known and may be cited as the budget agency law.
(b) Its general purposes and policies may be perceived only from the entire chapter, but among them are four (4) of particular significance, namely:
(1) Vesting in the budget agency duties and functions and rights and powers which make the execution and administration of all appropriations made by law the exclusive prerogative and authority of that agency, and otherwise denying such prerogative and authority to the budget committee.
(2) Designating an officer of the executive department and four (4) members of the general assembly as members of the budget committee through which they may work between regular sessions of the general assembly and cooperatively propose and recommend to the general assembly the appropriations which appear to be necessary to carry on state government in the succeeding budget period.
(3) Giving the members of the budget committee, who are members of the general assembly, the authority to engage in activities incidental and germane to their legislative powers, including investigations of appropriations made and to be made by law, before and after sessions of the general assembly.
(4) Making the gathering of information, data, and expert opinion, with reference to the revenues of the state from current sources, and with reference to procuring additional revenues to meet appropriations which may be recommended, and making the evaluation of such data and opinion and of appropriations requested by agencies of the state, the concurrent prerogative and authority of the budget committee and the budget agency.
Formerly: Acts 1961, c.123, s.1. As amended by Acts 1977, P.L.28, SEC.1; P.L.3-1986, SEC.4.
2023 Indiana Code › Title 4. State Offices and Administration › Article 12. Appropriations Management › Chapter 1. The Budget Agency › 4-12-1-2. Definitions

Sec. 2. As used in this chapter unless a different meaning appears from the context:
(a) The word "committee" means the budget committee.
(b) The word "director" or the term "budget director" means the person who is director of the budget agency.
(c) The term "appointing authority" means the head of an agency of the state.
(d) The terms "agency of the state" or "agencies of the state" or "state agency" or "state agencies" mean and include every office, officer, board, commission, department, division, bureau, committee, fund, agency, and, without limitation by reason of any enumeration herein, every other instrumentality of the state of Indiana, now existing or which may be created hereafter; every hospital, every penal institution and every other institutional enterprise and activity of the state of Indiana, wherever located; the universities and colleges supported in whole or in part by state funds; the judicial department of the state of Indiana; and all non-governmental organizations receiving financial support or assistance from the state of Indiana; but shall not mean nor include cities, towns, townships, school cities, school towns, school districts, nor other municipal corporations or political subdivisions of the state.
(e) The terms "budget bill," or "budget bills," shall mean a bill for an act, or two (2) or more such bills, prepared as authorized in this chapter, by which substantially all of the appropriations are made that are necessary and required to carry on state government for the budget period, if and when such bill is, or such bills are, enacted into law.
(f) The term "budget report" shall mean a written explanation of the budget bill or bills, and a general statement of the reasons for the appropriations therein and of the sources and extent of state income to meet such appropriations, together with such further parts as are required by law.
(g) The term "budget period" means that period of time for which appropriations are made in the budget bill or budget bills.
Formerly: Acts 1961, c.123, s.2. As amended by Acts 1977, P.L.28, SEC.2; P.L.233-2015, SEC.4.
2023 Indiana Code › Title 4. State Offices and Administration › Article 12. Appropriations Management › Chapter 1. The Budget Agency › 4-12-1-4. Deputy Budget Directors; Staff Members, Assistants, Employees, and Clerks; Experts

Sec. 4. (a) Two (2) offices are created in the budget agency which shall be responsible to, and junior and subordinate to, the budget director. The persons to fill the offices shall be appointed by the governor to serve at the governor's will and pleasure, shall not be adherents of the same political party, shall receive the salary fixed by the governor, shall give all of their time to the respective offices and to the budget agency, and each shall be a deputy budget director. The director shall designate the order in which the deputy directors shall serve in the place and stead of the budget director in the event of the director's disability or absence.
(b) The budget director is authorized to employ staff members, assistants, employees, and clerks as the budget director shall require to discharge efficiently and economically the duties and functions and rights and powers of the budget agency. Within this authority the director may employ on a part-time or advisory basis the services of experts in the field of public revenue and public finance and the administration as the services are desirable or necessary in the effective management and operation of the budget agency and in the discharge of its duties and functions.
(c) Promptly upon the receipt of a request from the budget committee, the budget director shall provide the assistants, employees, clerks, and experts as are reasonably required to permit prompt and efficient discharge of the duties and functions and work of the budget committee. To the extent that assistants, employees, clerks, and experts ordinarily employed by the budget agency are available and are not required by the budget agency to execute and administer appropriations made by law, the budget director shall employ these persons to serve the budget committee.
Formerly: Acts 1961, c.123, s.4. As amended by Acts 1977, P.L.28, SEC.4; P.L.215-2016, SEC.75.
2023 Indiana Code › Title 4. State Offices and Administration › Article 12. Appropriations Management › Chapter 1. The Budget Agency › 4-12-1-5. Budget Director, Budget Committee, Deputy Budget Directors, Officers, and Employees; Qualifications; Financial Interest in Contracts and Appropriations

Sec. 5. The budget director, and the members of the budget committee, and the deputy budget directors, and other officers and the employees of the budget agency shall be persons of known probity and shall possess adequate capacity and training for the work they are to do. No person shall be appointed budget director, or deputy budget director, or a member of the budget committee, or become an officer or employee of the budget agency who has any contract pending with the state, either directly or indirectly, or who shall be financially interested, directly or indirectly, in any appropriation made by law or in any requested appropriation which may come before the budget agency or the budget committee. Persons may be appointed or employed as above notwithstanding the foregoing limitations whose only financial interest in appropriations is in those for personal service from which they are or will be paid for service rendered under this chapter, or for service at any state agency, or for both services.
Formerly: Acts 1961, c.123, s.5. As amended by Acts 1977, P.L.28, SEC.5.