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   Sec. 7. The treasurer of state shall set aside for allocation to the cities and towns of this state, fifty percent (50%) of the gross amount of the revenue deposited in the general fund in accordance with the provisions of section 5 of this chapter.

[Pre-1973 Recodification Citation: 7-4-2-1.]

Formerly: Acts 1973, P.L.55, SEC.1. As amended by P.L.86-2018, SEC.133.