Title 5, STATE AND LOCAL ADMINISTRATION

Sec. 22. This chapter expires on the earliest of the following: (1) Twelve (12) months after the date on which boycott, divest from, or sanction Israel activity ceases. (2) The date on which the United States government revokes any sanctions imposed on persons engaged in boycott,…

Sec. 23. With respect to actions taken in compliance with this chapter, including all good faith determinations regarding businesses on the restricted business list, the system shall be exempt from any conflicting statutory or common law obligations, including any obligations wit…

Sec. 24. (a) Notwithstanding any provision to the contrary, the system is permitted to cease divesting and to reinvest in certain restricted businesses on the restricted business list if evidence shows that the value for all assets under management by the system on a fund's behal…

Sec. 25. (a) Both: (1) the state and officers, agents, and employees of the state; and (2) the system and the board members, executive director, officers, agents, and employees of the system; are immune from civil liability for any act or omission related to the removal of an ass…

Sec. 26. The provisions of this chapter are severable in the manner provided under IC 1-1-1-8(b). As added by P.L.177-2016, SEC.1.

Sec. 3. Except as provided in section 1(6) of this chapter, as used in this chapter, "boycott, divest from, or sanction Israel activity" means action or inaction that: (1) furthers; (2) coordinates with; or (3) acquiesces in; an effort by another person to penalize, inflict econo…

Sec. 4. (a) As used in this chapter, "business" means any of the following that exist for profit making purposes: (1) A sole proprietorship. (2) An organization. (3) An association. (4) A corporation. (5) A partnership. (6) A joint venture. (7) A limited partnership. (8) A limite…

Sec. 5. As used in this chapter, "cost of divestment" means the sum of the following: (1) The costs associated with the sale, redemption, divestment, or withdrawal of an investment. (2) The costs associated with the acquisition and maintenance of a replacement investment. (3) A c…

Sec. 6. As used in this chapter, "direct holdings" means all securities of a business held directly by the system on behalf of a fund or in an account in which the system on behalf of a fund owns all shares or interests. As added by P.L.177-2016, SEC.1.

Sec. 7. As used in this chapter, "fund" refers to the following: (1) The Indiana state teachers' retirement fund. (2) The public employees' retirement fund. As added by P.L.177-2016, SEC.1.

Sec. 8. As used in this chapter, "indirect holdings" means all securities of a business: (1) held in an account or a fund; and (2) managed by one (1) or more persons not employed by the system, in which the system owns shares or interests on behalf of a fund together with other i…

Sec. 9. As used in this chapter, "research firm" means a reputable, neutral third party research firm not controlled by the system. As added by P.L.177-2016, SEC.1.

Sec. 1. There is created within the public employees' retirement fund a separate account known as the pension relief fund. This fund is administered by the board of trustees of the Indiana public retirement system, referred to as the "state board" in this chapter. The pension rel…

Sec. 2. The state board shall: (1) make payments from the pension relief fund; (2) administer the pension relief fund in accordance with the powers and duties granted it in IC 5-10.3-5-3 through IC 5-10.3-5-6, IC 5-10.5-4, and IC 5-10.5-6; and (3) provide by rule and regulation f…

Sec. 3. The pension relief fund may be used only for making payments to cities, counties, towns, and townships, referred to as "units of local government" in this chapter, having pension funds under IC 36-8-6, IC 36-8-7, or IC 36-8-7.5, and paying reasonable administrative expens…

Sec. 4. (a) Monies from the pension relief fund shall be paid annually by the state board under the procedures specified in this section. (b) Each year, before a date set by the state board, each unit of local government must certify to the state board: (1) the amount of payments…

Sec. 4.7. (a) In 2009 and each year thereafter, the state board shall distribute from the pension relief fund to each unit of local government the total amount of pension, disability, and survivor benefit payments from the 1925 police pension fund (IC 36-8-6), the 1937 firefighte…

Sec. 5. At least annually the state board shall report in writing to each affected unit of local government the following information: (1) The projected pension payments for the next twenty (20) years. (2) The present value of the total future projected pension payments. [Pre-Loc…

Sec. 1. The term "municipal corporation" means a county, township, city, town, or school corporation. [Pre-Local Government Recodification Citation: 19-8-8-2.] As added by Acts 1980, P.L.8, SEC.21.

Sec. 2. Whenever any bonds are sold by any municipal corporation and when the successful bidder agrees to pay and does pay any premium as a part of the bid price of such bonds, any and all premiums so received shall be paid into and shall constitute a part of the fund which is cr…

Sec. 1. As used in this chapter, "department" means the state personnel department. As added by P.L.195-1999, SEC.8.

Sec. 2. As used in this chapter, "state agency" means an authority, board, branch, commission, committee, department, division, or other instrumentality of state government, but does not include: (1) a state educational institution; (2) a state elected official's office; and (3) …

Sec. 3. (a) Subject to subsections (b) and (c), an employee who: (1) has at least ten (10) years of creditable service with a state agency; (2) retires after June 30, 2000; and (3) has accrued and unused sick days, vacation days, or personal days on the employee's retirement date…

Sec. 4. (a) The department shall adopt rules under IC 4-22-2 that it considers necessary to make periodic payments to a cafeteria plan under Section 125 of the Internal Revenue Code on behalf of retired employees described in section 3 of this chapter and to otherwise carry out t…

Sec. 5. The amount that shall be deposited on behalf of a participating retired employee may not exceed five thousand dollars ($5,000) and is based on: (1) the hourly rate the employee was paid on the employee's retirement date; and (2) the following provisions concerning the emp…

Sec. 6. Within ninety (90) days after an employee's retirement date, an employee who wishes to participate in a cafeteria plan as provided under this chapter must file with the department a written application and any information required by the department. As added by P.L.195-19…

Sec. 1. Anything in existing law pertaining to the mode and form of records and accounting system in the offices of the county treasurer and county auditor to the contrary notwithstanding, hereafter the several boards of county commissioners may provide for the installation of mo…

Sec. 2. A board of county commissioners may not change its tax accounting system, system of accounting and reporting, or use of forms, ledgers, or other records under this chapter without the approval of the state board of accounts. Formerly: Acts 1937, c.203, s.2. As amended by …

Sec. 3. The state board of accounts shall approve and certify only such systems and methods of accounts and records which are uniform as to the several counties having substantially similar accounting problems in reference to such offices and which will permit of the use of moder…

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 by the state board of accounts as a result of that au…

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…

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, including guaranties, reserves, or s…

Sec. 9. A loan or other financial assistance from the fund must be accompanied by the following: (1) All papers and opinions required by the authority. (2) Unless otherwise provided by the guidelines of the authority, the following: (A) An approving opinion of nationally recogniz…

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 sovereign cap…

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 obligations that are guaranteed by the board under this chapter or purchased by the b…

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…