Re-use of Elastic IP

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The elastic IP are limited in count and I read in an article from AWS that it is reused. Is it true? If true then how long does it take to use a same elastic IP again? Can someone help me regarding this?
Jan 23 in AWS by Anjali
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Elastic IP is a scarce service. AWS want their customers to use it wisely and they re-use the IP addresses when once detached. After detaching it take maximum of 10-15 min to clear all the data attached to it and then make it usable again. This way AWS makes the elastic IP reusable again.
answered Jan 24 by jitendra

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