IC 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.