Ind. Code ch. 4-12-18

in effect

Ind. Code § 4-12-18-1 Application

Sec. 1. This chapter does not apply to federal economic stimulus funds obligated or expended by written agreement, contract, or encumbrance before April 29, 2021. As added by P.L.64-2021, SEC.7.

Ind. Code § 4-12-18-2 "Discretionary funds"

Sec. 2. As used in this chapter, "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. As added by P.L.64-2021, SEC.7.

Ind. Code § 4-12-18-3 "Federal economic stimulus funds"

Sec. 3. As used in this chapter, "federal economic stimulus funds" means federal money received by the state under federal legislation enacted in response to a recession or nationwide disaster. As added by P.L.64-2021, SEC.7.

Ind. Code § 4-12-18-4 Economic stimulus fund; "deposit"

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. (b) The economic stimulus fund is separate from the state general fund and all other state funds and accounts. (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.

Ind. Code § 4-12-18-5 Expenditure of discretionary funds during a legislative session

Sec. 5. Discretionary funds deposited into an economic stimulus fund during a period in which the general assembly is convened in a regular session or a special session may not be allotted or expended unless appropriated by the general assembly or reviewed by the budget committee. Appropriations made by the general assembly do not revert until the end of the biennium in which they are appropriated. As added by P.L.64-2021, SEC.7. Amended by P.L.174-2022, SEC.3; P.L.201-2023, SEC.72.

Ind. Code § 4-12-18-6 Expenditure of discretionary funds when the legislature is not in session; review by the budget committee

Sec. 6. Before discretionary funds deposited into an economic stimulus fund during a period in which the general assembly is not convened in a regular session or a special session may be allotted to or expended by a state agency or instrumentality, the allotment or expenditure must be reviewed by the budget committee. Money is considered continuously appropriated for the period of the federal award after budget committee review. As added by P.L.64-2021, SEC.7. Amended by P.L.174-2022, SEC.4; P.L.201-2023, SEC.73.

Ind. Code § 4-12-18-7 Procedure required for the expenditure of discretionary funds

Sec. 7. Discretionary funds deposited into the economic stimulus fund may not be expended, transferred, assigned, or otherwise removed from the economic stimulus fund by the state board of finance, the budget agency, or any other state agency except as permitted under the provisions of this chapter. As added by P.L.64-2021, SEC.7.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/4Fetched: 10/17/2026