(a) The state and its officers, agents, and employees and a public investment entity and its board members, executive director, officers, agents, and employees are immune from civil liability for any act or omission related to the removal of an asset from a fund under this subchapter.
(b) In addition to the immunity provided under subsection (a) of this section, an officer, agent, and employee of the state and a board member, executive director, officer, agent, and employee of a public investment entity are entitled to indemnification from the public investment entity for all losses, costs, and expenses, including without limitation reasonable attorney's fees associated with defending against a claim or suit relating to this subchapter.