Indiana § 4-10-18-7 - Transfers; adjustment
Full text of Indiana Indiana Code § 4-10-18-7 — Transfers; adjustment, with citation guidance and answers to common questions.
§ 4-10-18-7. Transfers; adjustment
Sec. 7. If:
(1) the bureau revises the state personal income figure it has previously reported for the twelve (12) month period preceding the current reporting period; and
(2) the revision is made after the transfer for the state fiscal year that begins in the current calendar year has initially been determined under section 5 of this chapter;
then the budget director shall adjust the transfer to reflect any increase or decrease in the growth rate used in initially determining that transfer. However, the total adjustments made under this section may not increase or decrease the initially determined transfer by an amount which exceeds one percent (1%) of the total general fund revenue used in determining the transfer. In addition, the last report of state personal income that the bureau makes before April 30 of the calendar year immediately following the current calendar year determines the final adjustment that may be made under this section with respect to that transfer.
As added by Acts 1982, P.L.22, SEC.1. Amended by P.L.205-2013, SEC.59.
Frequently Asked Questions About Indiana § 4-10-18-7
What does Indiana Code § 4-10-18-7 cover?
Section 4-10-18-7 ("Transfers; adjustment") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 4-10-18-7?
A common citation format is "Indiana Code § 4-10-18-7" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 4-10-18-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.