Sec. 4. (a) There is created the economic stimulus fund. Within the economic stimulus fund the state comptroller shall create a separate account for each separate federal stimulus legislation enacted. All
discretionary funds received by the state must be deposited in the corresponding account within the economic stimulus fund unless prohibited by federal law.
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Terms Used In Indiana Code 4-12-18-4
- discretionary funds: means federal economic stimulus funds received under federal legislation granting the state authority to determine the amounts and manner in which the federal economic stimulus funds may be expended. See Indiana Code 4-12-18-2
(c) For purposes of SECTION 26 of P.L.165-2021, “deposit” means to comply with the purposes, eligible uses, and stipulations of the statutory fund referenced unless federal law or regulations conflict with the statutory fund purposes, eligible uses, and stipulations.
As added by P.L.64-2021, SEC.7. Amended by P.L.174-2022, SEC.2; P.L.9-2024, SEC.81.
