to the sports and convention facilities operating fund established by section 16(b) of this chapter. However, to the extent a covered tax has been pledged before January 1, 2009, and allocated under IC 36-10-9-11 to the capital improvement bond fund, that amount shall not be allocated to the sports and convention facilities operating fund.
If the budget director determines that either of the conditions under subdivision (1) or (2) is satisfied, covered taxes attributable to the part of the tax area in which a facility or complex of facilities described in section 10(b)(3) of this chapter is located shall then be deposited in the sports and convention facilities operating fund established by section 16(b) of this chapter. However, the maximum total amount of covered taxes attributable to the part of the tax area in which a facility or complex of facilities described in section 10(b)(3) or 10(c) of this chapter is located that may be deposited in the sports and convention facilities operating fund during each state fiscal year is set forth in subsection (f).
After the state fiscal year ending June 30, 2041, no deposit shall be made. To the extent a covered tax has been pledged before January 1, 2009, and allocated under IC 36-10-9-11 to the capital improvement bond fund, that amount shall not be allocated to or deposited in the sports and convention facilities operating fund.
IC 36-7-31-14.2