Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION

and registers following implementation of automated accounting systems Sec. 4. If a county implements, consistent with the provisions of this chapter, an automated accounting system that: (1) is in place during at least one (1) state board of accounts audit; and (2) is approved b…

Sec. 1. At the request of the department of environmental management, the authority shall carry out the program established under this chapter. As added by P.L.189-2018, SEC.25.

Sec. 10. The authority may adopt guidelines without complying with IC 4-22-2 to govern the administration of this chapter. As added by P.L.189-2018, SEC.25.

Sec. 11. (a) As an alternative to making loans or providing other financial assistance to private individuals or entities, nonprofit entities, or political subdivisions, the authority may use the money in the Indiana brownfields fund to provide a leveraged loan program and other …

Sec. 12. (a) Notwithstanding any other law and in addition to any other law, including this article, the authority may issue, guarantee, and sell its revenue bonds, notes, and other obligations and guarantee loans and other financial assistance in connection with the Indiana brow…

Sec. 13. (a) The authority may deposit appropriations or other money received under this chapter (or IC 13-19-5, before its repeal) after June 30, 1999, into an account of the Indiana brownfields fund. The authority may use money deposited in the account to award financial assist…

Sec. 2. The Indiana brownfields program is established to assist in the remediation of brownfields to encourage the rehabilitation, redevelopment, and reuse of real property by providing grants, loans, forgivable loans, awards of professional services, or other financial assistan…

Sec. 3. (a) The Indiana brownfields fund is established to provide money for grants, loans, and other financial assistance to or for the benefit of political subdivisions under this chapter. The authority shall administer, hold, and manage the Indiana brownfields fund. (b) Money …

Sec. 4. (a) The authority shall do the following under this chapter: (1) Be responsible for the management of all aspects of the Indiana brownfields program. (2) Prepare and provide program information. (3) Negotiate the negotiable aspects of each financial assistance agreement. …

Sec. 5. The authority may do the following: (1) Employ: (A) fiscal consultants; (B) environmental consultants; (C) engineers; (D) bond counsel; (E) other special counsel; (F) accountants; and (G) any other consultants, employees, and agents; that the authority considers necessary…

Sec. 6. (a) The authority may provide services to a person (as defined in IC 13-11-2-158(a)) in connection with financial assistance, technical assistance, and liability clarification, and may assess and collect a fee for: (1) services provided to offset the costs of providing th…

Sec. 7. The authority shall use a priority ranking system in making loans and providing other financial assistance under this chapter based on the following: (1) Socioeconomic distress in an area, as determined by the poverty level and unemployment rate in the area. (2) The techn…

required submissions; sales; pledges Sec. 8. (a) A loan or other financial assistance must be used for at least one (1) of the purposes under section 2 of this chapter and may be used for any of the following purposes: (1) To: (A) establish guaranties, reserves, or sinking funds,…

exemption Sec. 1. (a) There is created an independent body politic and corporate, constituting an instrumentality of the state for the public purposes set out in this chapter, to be known as the board for depositories. The board is separate from the state in its corporate and sov…

combinations thereof, or other appropriate document securing direct obligations Sec. 10. With regard to direct obligations of the Indiana finance authority that have been issued in conjunction with an economic development project undertaken by the authority, including those oblig…

Sec. 11. (a) In addition to the authority given the board for depositories in section 7 of this chapter, the board may lend, from that part of the insurance fund reserved for economic development, to any commuter transportation district that is established under IC 8-5-15 an amou…

Sec. 12. (a) In June and December each year, the board shall prepare a written report generally summarizing the board's activities and the status of the public deposit insurance fund for the previous six (6) months. However, the report may not identify a particular financial inst…

Sec. 13. (a) The board for depositories shall hold until paid in accordance with its terms the instrument of indebtedness evidencing the obligation of the budget agency to repay the loan made from the public deposit insurance fund to the state general fund under P.L.224-2003, SEC…

notice; proceedings; executive sessions; records Sec. 2. (a) The board for depositories consists of the governor, the treasurer of state, the auditor of state, the chairperson of the department of financial institutions, the chief examiner of the state board of accounts, and four…

As added by P.L.141-2000, SEC.1. Repealed by P.L.134-2012, SEC.9.

Sec. 3. (a) The board for depositories exercises essential public functions, and has a perpetual existence. The board has all powers necessary, convenient, or appropriate to carry out and effectuate its public and corporate purposes, including but not limited to the powers to do …

As added by P.L.5-1996, SEC.6. Repealed by P.L.177-2011, SEC.5.

Sec. 4. (a) The secretary-investment manager shall administer, manage, and direct the affairs and activities of the board under the policies and under the control and direction of the board. In carrying out these duties, the secretary-investment manager has the power to do the fo…

waiver or elimination of assessment rate Sec. 5. (a) Subject to the limitations prescribed in this chapter, the board for depositories may fix the assessment rate to provide assets in the fund sufficient to equal the reserve for losses of the fund for the insurance of public fund…

insurance fund; failure to pay; forms Sec. 6. (a) On or before the fifth day of each month, every depository that had public funds on deposit with it during the preceding month shall: (1) file with the board for depositories a certified report under oath showing for the preceding…

restrictions; establishment of reserve; determination of profit distribution; investment; limitations; immunity of members Sec. 7. (a) The board for depositories shall manage and operate the insurance fund. All expenses incident to the administration of the fund shall be paid out…

obligation guarantees; limitation; conditions; claims, losses, or debts Sec. 8. (a) The board for depositories, in making the economic development obligation or credit enhancement obligation guarantees authorized under section 7(d)(6) of this chapter, shall comply with the follow…

As added by P.L.291-2001, SEC.147. Repealed by P.L.2-2005, SEC.131.

Sec. 8.6. Notwithstanding the expiration of section 8.5 of this chapter on December 31, 2002, a loan guarantee made by the board for depositories under that section before December 31, 2002, remains a valid and binding obligation of the board for depositories after December 31, 2…

corporation issued certificate of election by secretary of state Sec. 9. In addition to the investments authorized in section 7(d) of this chapter, the board may invest, reinvest, and exchange investments of the insurance fund in excess of the cash working balance in instruments …

Sec. 1. This chapter applies only to the following governmental bodies: (1) A state institution (as defined in IC 12-7-2-184). (2) A penal facility operated by the department of correction. (3) A political subdivision. As added by P.L.49-1997, SEC.1. Amended by P.L.143-2022, SEC.…

Sec. 2. As used in this chapter, "bureau" refers to the rehabilitation services bureau of the division of disability and rehabilitative services established under IC 12-12-1-1. As added by P.L.49-1997, SEC.1. Amended by P.L.141-2006, SEC.8.

Sec. 3. As used in this chapter, "rehabilitation center" refers to the rehabilitation center established under IC 12-12-3-1. As added by P.L.49-1997, SEC.1.

Sec. 4. A governmental body shall purchase articles produced by the rehabilitation center under the same conditions as articles produced by the department of correction under IC 5-22-11, unless similar articles are produced by the governmental body. As added by P.L.49-1997, SEC.1…

Sec. 5. The bureau shall publish a catalog for the use of governmental bodies, showing the products and services available through the rehabilitation center. As added by P.L.49-1997, SEC.1.

Sec. 6. (a) Whenever a governmental body needs an article listed in the catalog published under section 5 of this chapter, the governmental body: (1) shall give the bureau a reasonable time to produce or supply the article; and (2) except for an article produced by the department…

Sec. 7. Supplies purchased under this chapter must: (1) meet the specifications and needs of the purchasing governmental body; and (2) be purchased at a fair market price. As added by P.L.49-1997, SEC.1.

Sec. 1. This chapter applies to the supplemental allowance reserve accounts established under the following: (1) IC 2-3.5-3-2(c) (for the legislators' defined benefit plan). (2) IC 5-10-5.5-4(c) (for the state excise police, gaming agent, gaming control officer, and conservation …

Sec. 2. All amounts in a supplemental allowance reserve account of a fund or plan are available to the board to pay a postretirement benefit increase, thirteenth check, or other benefit change or adjustment granted by the general assembly after June 30, 2018, to members of or par…

Sec. 3. (a) For 2019 and each year thereafter, the contribution rate established by the board for each employer shall include a surcharge determined by the board: (1) that is paid to the supplemental allowance reserve account of the applicable fund or plan; and (2) that does not …

grants of postretirement benefits Sec. 4. (a) In each even-numbered calendar year, beginning in 2018, the board shall present to the interim study committee on pension management oversight (established by IC 2-5-1.3-4) an actuarial report concerning the status of each supplementa…

Sec. 1. (a) Except as otherwise provided in this section, this chapter applies to the following: (1) An individual who: (A) on or after the effective date of the plan, becomes for the first time a full-time employee of the state: (i) in a position that would otherwise be eligible…

Sec. 10. As used in this chapter, "fund" has the meaning set forth in IC 5-10.3-1-3. As added by P.L.22-2011, SEC.2.

Sec. 11. As used in this chapter, "Internal Revenue Code" has the meaning set forth in IC 5-10.2-1-3.5. As added by P.L.22-2011, SEC.2.

Sec. 12. As used in this chapter, "member" means an individual who has elected or is required to participate in the plan. As added by P.L.22-2011, SEC.2. Amended by P.L.241-2015, SEC.27.

Sec. 13. As used in this chapter, "member contribution subaccount" means the subaccount in a member's plan account established under section 21(b)(1) of this chapter. As added by P.L.22-2011, SEC.2.

Sec. 14. As used in this chapter, "normal retirement age" for a member means the member is at least sixty-two (62) years of age with at least five (5) years of participation in the plan. As added by P.L.22-2011, SEC.2. Amended by P.L.66-2013, SEC.1.

Sec. 14.5. As used in this chapter, "participating political subdivision" means a political subdivision which is participating in the plan as specified in IC 5-10.3-6. As added by P.L.241-2015, SEC.28.

Sec. 15. As used in this chapter, "plan" refers to the public employees' defined contribution plan established by section 18 of this chapter. As added by P.L.22-2011, SEC.2.

Sec. 15.5. As used in this chapter, "volunteer fire department" has the meaning set forth in IC 36-8-12-2. As added by P.L.96-2020, SEC.4.