Distribution of excess balance; use
Sec. 17.3. (a) If, after receiving a recommendation from the
budget agency, the department determines that a sufficient balance
exists in a county account in excess of the amount necessary, when
added to other money that will be deposited in the account after the
date of the recommendation, to make certified distributions to the
county in the ensuing year, the department shall make a supplemental
distribution to a county from the county's special account.
(b) A supplemental distribution described in subsection (a) must
be:
(1) made in January of the ensuing calendar year; and
(2) allocated in the same manner as certified distributions for
deposit in a civil unit's rainy day fund established under
IC 36-1-8-5.1.
(c) A determination under this section must be made before
October 2.
As added by P.L.178-2002, SEC.70. Amended by P.L.267-2003,
SEC.14.
Last modified: May 28, 2006