IC 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.