Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION

Sec. 1.5. (a) This section applies to a purchase by a purchasing agency that is a public school (as defined in IC 20-18-2-15) or school corporation (as defined in IC 5-10.4-1-13). (b) If a youth agricultural education program produces food, subject to subsection (c), a purchasing…

Sec. 2. (a) This section applies only if the purchasing agent expects the purchase to be less than fifty thousand dollars ($50,000). (b) A purchasing agent may make a purchase under small purchase policies established by the purchasing agency or under rules adopted by the governm…

Sec. 3. (a) This section applies only if the purchasing agent expects the purchase to be: (1) at least fifty thousand dollars ($50,000); and (2) not more than one hundred fifty thousand dollars ($150,000). (b) A purchasing agent may purchase supplies under this section by invitin…

Sec. 1. (a) A governmental body may enter into a public-private agreement with respect to a transportation project, if the governmental body complies with the statutory requirements under this article. Any public-private agreement with respect to a transportation project may use …

Sec. 2. (a) Before developing or operating the qualifying project, the operator must enter into a public-private agreement with the governmental body. The public-private agreement must provide for the following: (1) Delivery of performance and payment bonds, letters of credit, or…

Sec. 3. (a) The operator shall do the following: (1) Develop or operate the qualifying project in a manner that is acceptable to the governmental body in accordance with the provisions of the public-private agreement. (2) Maintain or provide by contract for the maintenance or imp…

Sec. 1. As used in this chapter, "federal agency" means the Economic Development Administration of the United States Department of Commerce. As added by P.L.4-2005, SEC.34.

Sec. 10. (a) A qualified entity may apply to the corporation for a loan from the fund to be used for economic development programs. (b) An amount loaned to a qualified entity is an obligation of the qualified entity and shall be repaid to the corporation within a time to be fixed…

Sec. 2. As used in this chapter, "federal program" means a federal loan or grant program that promotes economic development. As added by P.L.4-2005, SEC.34.

Sec. 3. As used in this chapter, "fund" refers to the economic development fund established by section 5 of this chapter. As added by P.L.4-2005, SEC.34.

Sec. 4. As used in this chapter, "qualified entity" means: (1) the state; (2) a political subdivision of the state; (3) an agency of the state or a political subdivision of the state; (4) a nonprofit corporation; (5) the Indiana finance authority established by IC 5-1.2-3; or (6)…

Sec. 5. (a) The economic development fund is established within the state treasury. The fund is a revolving fund to provide grants and loans for economic development activities in Indiana for the purposes of this chapter. (b) The fund consists of appropriations from the general a…

Sec. 6. (a) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund. (b) The treasurer …

Sec. 7. The auditor of state shall draw warrants on the treasurer of state in payment of properly prepared vouchers signed by the secretary of commerce or the secretary of commerce's designee. As added by P.L.4-2005, SEC.34. Amended by P.L.74-2020, SEC.5.

Sec. 8. (a) The corporation shall receive grants allocated by a federal program for the purposes specified in section 9(c) of this chapter. Guidelines shall be prepared by the corporation enumerating the qualification procedures for receipt of grants and loans from the fund. Thes…

Sec. 9. (a) If federal money will not be used in conjunction with fund money, a qualified entity that wants a grant from the fund must submit an application for the grant to the corporation. The corporation shall review the application and may approve the application if the activ…

Sec. 1. As used in this chapter, "plan" refers to a voluntary supplemental retirement plan established for a political subdivision under this chapter. As added by P.L.5-1997, SEC.3.

Sec. 2. The board may elect to establish a voluntary supplemental retirement plan for political subdivisions. A plan established under this chapter shall be governed by Section 457 of the Internal Revenue Code. A plan established under this chapter shall be funded through employe…

Sec. 3. The board shall maintain a separate trust for the plan, and the assets shall not be part of, or commingled with, the assets of the other funds administered by the board. As added by P.L.5-1997, SEC.3.

pension benefits prohibited Sec. 4. A plan established under this chapter exists and serves in addition to other retirement, pension, and benefit systems established by a political subdivision and may not result in a reduction of any retirement, pension, or other benefit provided…

Sec. 5. A plan established under this chapter shall include appropriate provisions pertaining to the day-to-day operation of the plan, including methods to elect income deferrals, changes to elections, or other provisions that may be appropriate. The investment options shall be c…

Sec. 0.1. The addition of section 13 of this chapter by P.L.191-2002 applies to monthly benefits payable by the public employees' retirement fund after December 31, 2002. As added by P.L.220-2011, SEC.82.

Sec. 1. Retirement and Retirement Benefits. The conditions for a member's retirement and the computation of his retirement benefit are stated in IC 5-10.2-4. As added by Acts 1977, P.L.53, SEC.3.

Sec. 10. Assignment of Benefits. A member or a beneficiary may not assign any payment except for: (1) premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in whole or in part by: (A) a state agency; or (B) any association that proves to the bo…

retirement or disability benefit; limitations Sec. 11. (a) The retirement or disability benefit (including the annuity) provided under this chapter at the date of retirement or disability to a member who: (1) has been classified as a federal employee by the Secretary of Agricultu…

Sec. 12. (a) The board may stop a member's, survivor's, or beneficiary's benefit if any of the following occur: (1) The member does any of the following while receiving the benefit: (A) Fails to report for a required examination, unless excused by the board. (B) Disobeys the requ…

increase Sec. 13. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable to a member of the fund (or to a survivor or beneficiary of a member of the fund) shall be increased beginning on Jan…

Sec. 14. (a) Except as provided in subsection (d), this section applies to employees of the state who are: (1) members of the fund; and (2) paid by the auditor of state by salary warrants. (b) Except as provided in subsection (d), this section does not apply to the employees of t…

Sec. 15. (a) The board may adopt rules to allow a member who designates more than one (1) beneficiary to allocate benefit shares in percentage increments. (b) This subsection applies in the case of a member who dies after June 30, 2013. Notwithstanding a contrary collateral agree…

computation Sec. 2. In computing the pension for a member of the general assembly, the average of the annual compensation is the highest compensation which the member received in any one (1) year while engaged in a position covered by the fund in state service, as a teacher, and …

Sec. 3. Retirement Benefit Options. A member may have his retirement benefits paid under the options specified in IC 5-10.2-4-7. As added by Acts 1977, P.L.53, SEC.3.

Sec. 4. Disability Retirement and Disability Retirement Benefit. The conditions for a member's disability retirement and the computation of his disability retirement benefit are stated in IC 5-10.2-4-6. As added by Acts 1977, P.L.53, SEC.3.

Sec. 5. A member may petition the board to correct an error in the determination of the member's: (1) creditable service; or (2) benefit; at any time. The petition must contain the necessary information to sustain the member's claim of error. The board shall investigate the claim…

Sec. 6. Death Settlements. The conditions for payments upon the death of a member before retirement are stated in IC 5-10.2-3. As added by Acts 1977, P.L.53, SEC.3.

Sec. 7. Re-employment of Retired Members. The re-employment of retired members is covered under IC 5-10.2-4. As added by Acts 1977, P.L.53, SEC.3.

Sec. 8. Except as provided under IC 5-10.2-4-7(f), the retirement benefit is payable in equal monthly installments. The benefit may not be increased, decreased, revoked or repealed except for error or by action of the general assembly. As added by Acts 1977, P.L.53, SEC.3. Amende…

employers; withholding payments while charges of criminal taking from employer pending Sec. 9. (a) All benefits, refunds of contributions, and money in the fund are exempt from levy, sale, garnishment, attachment, or other legal process. However, the member's contributions or ben…

Sec. 1. (a) Except as provided in subsection (b), this chapter applies after the effective date of the plan to an individual who: (1) begins employment with a school corporation in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4; a…

Sec. 10. (a) An employer shall make employer contributions to the plan based on the rate determined under this section. (b) The employer's contribution rate for the plan must be equal to the employer's contribution rate for the fund as determined by the board under IC 5-10.2-2-11…

employer contribution subaccount; forfeiture of employer contributions Sec. 11. (a) Member contributions and net earnings on the member contributions in the member contribution subaccount belong to the member at all times and do not belong to the employer. (b) A member is vested …

Sec. 12. (a) After December 31, 2020, subject to the provisions of the Internal Revenue Code applicable to qualified plan distributions, a member who terminates service in a covered position is entitled to withdraw all or part of the amounts in the member's account to the extent …

Sec. 13. (a) If a member dies: (1) while in service in a position covered by the plan; or (2) after terminating service in a position covered by the plan but before withdrawing the member's account; to the extent that the member is vested, the member's account shall be paid to th…

attachment, or other legal process; limited assignment by member Sec. 14. (a) All assets in the plan are exempt from levy, sale, garnishment, attachment, or other legal process. (b) A member, beneficiary, or survivor may not assign any payment under this chapter except for the fo…

Sec. 15. (a) To the extent permitted by the Internal Revenue Code and the applicable regulations and guidance, the plan may accept, on behalf of any member, a rollover distribution from any of the following: (1) A qualified plan described in Section 401(a) or Section 403(a) of th…

Sec. 16. (a) If a member becomes disabled while in a covered position, subject to any federal law limitations concerning qualified plan distributions and the member furnishing proof of the member's qualification for Social Security disability benefits to the board, to the extent …

Sec. 17. (a) If a member of the plan separates from employment with the member's employer and later returns to employment in a position covered by the plan: (1) the individual resumes membership in the plan; and (2) the member is entitled to receive credit for the member's years …

Sec. 2. The following definitions apply throughout this chapter: (1) "Account" means the plan account established for a member under section 7(b) of this chapter. (2) "Annuity savings account" means the annuity savings account of the 1996 account maintained under IC 5-10.2-2-2(b)…

approval Sec. 3. Except as otherwise provided in this chapter or by federal law, and subject to the board obtaining any approval from the Internal Revenue Service that the board considers necessary or desirable, the provisions of this article that apply to the annuity savings acc…

Sec. 4. (a) The teachers' defined contribution plan is established for the purpose of providing amounts funded by an employer and a member for the use of the member or the member's beneficiaries or survivors after the member's retirement. (b) The board shall adopt provisions to i…

Sec. 5. The board may request from the Internal Revenue Service any rulings or determination letters that the board considers necessary or appropriate in order to implement or administer the plan. As added by P.L.217-2017, SEC.58. IC 5-10.4-8-6 Election to become a member of plan…