Section 4-30-17-3.5 - Transfer of revenue(a) Before the twenty-fifth day of the month, the state comptroller shall transfer from the lottery surplus fund to the state general fund motor vehicle excise tax replacement account nineteen million seven hundred one thousand three hundred forty-four dollars ($19,701,344) per month.(b) This subsection applies only if insufficient money is available in the lottery surplus fund to make the distributions to the state general fund motor vehicle excise tax replacement account that are required under subsection (a). Before the twenty-fifth day of each month, the state comptroller shall transfer from the state general fund to the state general fund motor vehicle excise tax replacement account the difference between:(1) the amount that subsection (a) requires the state comptroller to distribute from the lottery surplus fund to the state general fund motor vehicle excise tax replacement account; and(2) the amount that is available for distribution from the lottery surplus fund to the state general fund motor vehicle excise tax replacement account. The transfers required under this subsection are annually appropriated from the state general fund.
Amended by P.L. 9-2024,SEC. 106, eff. 7/1/2024.Amended by P.L. 108-2019,SEC. 63, eff. 7/1/2019.As added by P.L. 33-1990, SEC.3. Amended by P.L. 25-1995, SEC.4; P.L. 260-1997 (ss), SEC.39; P.L. 186-2002, SEC.2.