Title 5, STATE AND LOCAL ADMINISTRATION

Sec. 1.5. (a) As used in this chapter, "delinquent political subdivision" means a political subdivision offering an employee retirement plan described in section 3(b) of this chapter that: (1) received less than the actuarially determined contribution for at least three (3) out o…

Sec. 2. As used in this chapter, "political subdivision" means a municipality or a local government unit, entity, or instrumentality to which IC 5-11-1-4 applies. The term does not include the state or an instrumentality of the state. As added by P.L.47-2013, SEC.3.

Sec. 2.5. As used in this chapter, "system" refers to the Indiana public retirement system established by IC 5-10.5-2-1. As added by P.L.129-2024, SEC.7 and P.L.136-2024, SEC.4.

Sec. 3. (a) After December 31, 2013, a political subdivision having an employee retirement plan described in subsection (b) shall, not later than the date each year on which the political subdivision's financial reports are due under IC 5-11-1-4, make an annual report for each of…

Sec. 4. A report required under section 3 of this chapter concerning a retirement plan must include the following information: (1) The basic plan parameters, including the following: (A) The type of plan. (B) The plan administrator. (C) The employer sponsoring the plan. (2) If th…

Sec. 5. The state examiner shall, not later than July 1 of each year, submit a report to the general assembly in an electronic format under IC 5-14-6 that summarizes the retirement plan information received for the immediately preceding fiscal year under section 3 of this chapter…

Sec. 6. (a) On or before June 15 of each year, the system shall send a delinquency notice to a delinquent political subdivision. The delinquency notice must inform the delinquent political subdivision of the following: (1) An employee retirement plan offered by the delinquent pol…

Sec. 7. (a) This section applies only to a county police force pension trust and trust fund authorized under IC 36-8. (b) This section does not apply to a county having a consolidated city. (c) The county police department or the department's designee shall make an annual present…

Sec. 1. A governmental body may establish policies or adopt rules permitting or requiring any of the following: (1) The inclusion of clauses providing for adjustments in prices or time of performance. (2) The inclusion of contract provisions dealing with either of the following: …

Sec. 2. Adjustments in price under clauses established under section 1 of this chapter must be computed in one (1) or more of the following ways: (1) By agreement on a fixed price adjustment before the beginning of the pertinent performance or as soon after the beginning of the p…

Sec. 1. As used in this chapter, "approved lender" means any: (1) lending institution; or (2) bank, trust company, building and loan association, or credit union; that is approved by the corporation as a lender under this chapter. As added by P.L.4-2005, SEC.34.

Sec. 10. The corporation shall do the following: (1) Establish and implement the policies and procedures to be used in the administration of this chapter. (2) Enter into contracts and guarantee agreements, as necessary, with approved lenders, state governmental agencies, corporat…

Sec. 11. (a) An obligation of the program for losses on loans resulting from death, default, bankruptcy, or total or permanent disability of borrowers is not a debt of the state but is payable solely from the fund. (b) The making of loans from the fund does not constitute the len…

Sec. 12. From the fund, the corporation shall: (1) guarantee loans made by approved lenders upon conditions prescribed under this chapter to small or minority businesses to assist them in the operation or expansion of their businesses; and (2) make loans upon conditions prescribe…

Sec. 13. In making loans from the fund, the corporation shall require that the recipients of the loans receive training in business and financial management skills, including the preparation and filing of state and federal tax returns. As added by P.L.4-2005, SEC.34.

Sec. 14. (a) The training required by section 13 of this chapter may be provided by consultants or staff members of the corporation. The corporation shall establish standards for the training. (b) The duties of the consultants or staff members are as follows: (1) To provide train…

Sec. 2. As used in this chapter, "fund" refers to the small business development fund established by IC 5-28-18-7. As added by P.L.4-2005, SEC.34. Amended by P.L.87-2011, SEC.7.

Sec. 3. As used in this chapter, "loan" means a direct loan from the fund. As added by P.L.4-2005, SEC.34.

Sec. 4. As used in this chapter, "minority business" means an individual, a partnership, a corporation, a limited liability company, or a joint venture of any kind that is owned and controlled by one (1) or more persons who are: (1) United States citizens; and (2) members of a mi…

Sec. 5. As used in this chapter, "minority group" means: (1) blacks; (2) American Indians; (3) Hispanics; (4) Asian Americans; and (5) other similar racial minority groups. As added by P.L.4-2005, SEC.34.

Sec. 6. As used in this chapter, "owned and controlled" means having: (1) ownership of at least fifty-one percent (51%) of the enterprise, including corporate stock of a corporation; (2) control over the management and being active in the day to day operations of the business; an…

Sec. 7. As used in this chapter, "program" refers to the small and minority business financial assistance program established by section 9 of this chapter. As added by P.L.4-2005, SEC.34.

Sec. 8. As used in this chapter, "small business" has the meaning set forth in IC 5-22-14-1. The term includes: (1) an independently owned and operated business that is operating under a franchise from another business; and (2) a veteran owned small business (as defined in IC 4-1…

Sec. 9. The small and minority business financial assistance program is established to provide loans and loan guarantees under this chapter. As added by P.L.4-2005, SEC.34.