What is the amount of surplus that goes into the State's general fund from the Recovery Fund at fiscal year-end?

The correct answer is connected to the provisions set forth by the Indiana Real Estate Commission regarding the Recovery Fund. At the end of the fiscal year, the amount of surplus from the Recovery Fund that will be allocated to the State's general fund is established as $750,000. This specific figure is determined based on the financial management of the Recovery Fund and is intended to contribute to the State’s general fund, which supports various budgetary needs across the state.

The importance of this allocation lies in ensuring that sufficient funds remain within the Recovery Fund for potential claims, while also directing a significant surplus to support state operations. This process showcases a balance between maintaining the integrity of the Recovery Fund and addressing the financial needs of the state at large. Understanding this mechanism is crucial for those involved in Indiana real estate, as it directly relates to the financial health and operational structure of responsible real estate practices within the state.