A person who commits a Class C felony or Class D felony on or after April 1, 1983, and who is incarcerated therefor is eligible for release on parole after having served one-third (1/3) of his or her sentence, with credit for good-time allowances, or one-third (1/3) of the time to which his or her sentence is commuted by executive clemency, with credit for good-time allowances.
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