Indiana § 4-10-23-12 - Notification of amounts determined; credits against obligations
Full text of Indiana Indiana Code § 4-10-23-12 — Notification of amounts determined; credits against obligations, with citation guidance and answers to common questions.
§ 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.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.7.
IC 4-11ARTICLE 11. LOANS OF STATE FUNDS AND MORTGAGES TO STATE
Ch. 1.Procedures for Collection of Loans Ch. 2.Release of Certain Mortgages to State or State Trust Funds Ch. 3.Release of Mortgages to Secure Loans of United States Government Surplus Revenue Funds
IC 4-11-1Chapter 1. Procedures for Collection of Loans
4-11-1-1Loan greater than amount authorized by law; validity of security 4-11-1-2Suits for recovery of loan; defense; loan greater than authorized by law; validity of title to land; liability of officers 4-11-1-3Default; suits 4-11-1-4Mortgage sales; state bidding in property; surplus sale proceeds 4-11-1-5Substitutions; diminishing security 4-11-1-6Repealed
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-10-23-12
What does Indiana Code § 4-10-23-12 cover?
Section 4-10-23-12 ("Notification of amounts determined; credits against obligations") 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 § 4-10-23-12?
A common citation format is "Indiana Code § 4-10-23-12" (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 § 4-10-23-12 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.