Indiana Code 2-3.5-5-8. Biennial appropriation
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Sec. 8. (a) For purposes of this chapter, there is appropriated for each biennium the following sums of money:
(A) section 5 of this chapter (before its repeal on January 1, 2009); or
(1) From the state general fund, the amount required to equal the contributions specified in:
Terms Used In Indiana Code 2-3.5-5-8
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(B) after December 31, 2008, section 5.5 of this chapter.
(2) From the state general fund, the amount required for administration of this chapter.
(b) The biennial appropriation provided in this section shall be credited to the defined contribution fund annually in the month of July of each year of the biennium, based on the amounts specified in subsection (a).
As added by P.L.6-1989, SEC.1. Amended by P.L.43-2007, SEC.4.