Sec. 2.1. If the total amount in the real estate recovery fund (including principal and interest) exceeds seven hundred fifty thousand dollars ($750,000) at the end of a state fiscal year after the payment of all claims and expenses, the amount in excess of seven hundred fifty thousand dollars ($750,000) reverts to the state general fund.
Ind. Code § 25-34.1-7-2.1
Reversion of excess funds
Known as the Real Estate Broker Licensing Act
The act spans §§ 25-34.1-10-0.5 to 25-34.1-9-9 (164 sections).
As added by P.L.143-1990, SEC.11.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.