(b) In each state fiscal year beginning after June 30, 2023, and ending before July 1, 2025, the development authority shall deposit three million dollars ($3,000,000) in the fund from reserve amounts held by the development authority.(c) After June 30, 2025, but not later than July 1, 2026, the development authority shall be reimbursed for all amounts deposited under subsection (b) using money in the fund. Budget committee review is not required for reimbursement under this subsection.As added by P.L.195-2023, SEC.6.
Indiana Legal Code