{"data":{"id":"us-in/ic-4-10-22-2","jurisdiction":"us-in","citation":"IC 4-10-22-2","heading":"Determination of excess reserves; presentation to budget committee","body":"Sec. 2. If:\n(1) the total amount of state reserves calculated by the office of management and budget exceeds:\n(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\n(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\n(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);\nthe 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.","path":["TITLE 4. STATE OFFICES AND ADMINISTRATION","ARTICLE 10. STATE FUNDS GENERALLY","Chapter 22. Use of Excess Reserves"],"source_url":"https://iga.in.gov/ic/2026/Title_4.html#4-10-22-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-30T06:26:00Z","sha256":"1adcbf37a1ae0556a240833020d8db096989a328912a3e30dfd869a21e826771","source_id":"us-in","stale":false,"prev":"us-in/ic-4-10-22-1.7","next":"us-in/ic-4-10-22-3"},"notice":"GroundRules: Original legal text. Not legal advice."}