Ind. Code ch. 5-35.7-3

Ind. Code § 5-35.7-3-1 Applicability

Sec. 1. This chapter applies to a state fiscal year that begins on or after July 1, 2025. As added by P.L.182-2025, SEC.6.

Ind. Code § 5-35.7-3-2 Unallotment and reversion of used appropriated funds

Sec. 2. Unless otherwise provided by law, any funds appropriated by the general assembly to a state agency for an expense related to a contract that remain unused ninety (90) days after the end of the term of the contract: (1) must be unallotted by the budget agency and no longer available for the state agency's use; and (2) on the June 30 after the funds are unallotted, revert to the fund from which they were appropriated. As added by P.L.182-2025, SEC.6.