Sec. 4. Payments to the Pokagon Indiana Education Fund shall be made as follows:
(1) An initial allocation of one million dollars ($1,000,000) shall be made by the Band to the Pokagon Indiana Education Fund for the first full Payment Period from the Band's annual payment due under IC 4-29.5-17-2.
(2) In all subsequent years, the Band shall make an allocation to the Pokagon Indiana Education Fund from the Band's annual payment due under IC 4-29.5-17-2 in an amount equal to one million dollars ($1,000,000) less the balance of the Pokagon Indiana Education Fund as of the conclusion of the Payment Period just ended and adjusted by the amount of any payments that were determined to not be in compliance with this chapter according to the most recent annual audit.
As added by P.L.171-2021, SEC.1.