Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION

Sec. 10. Upon request of the center, each state agency shall provide the assistance and data necessary to enable the center to perform its duties under this chapter. As added by P.L.4-2005, SEC.34.

Sec. 11. The corporation may adopt policies and guidelines to implement this chapter. As added by P.L.4-2005, SEC.34.

Sec. 2. As used in this chapter, "permit" means any state agency permit, license, certificate, approval, registration, or similar form of approval required by a statute or an administrative rule. As added by P.L.4-2005, SEC.34.

Sec. 3. As used in this chapter, "state agency" has the meaning set forth in IC 4-13-1-1. As added by P.L.4-2005, SEC.34.

Sec. 4. The permit assistance center is established within the corporation. The center has the following duties: (1) Providing comprehensive information on permits required for business activities in Indiana and making this information available to any person. (2) Assisting appli…

Sec. 5. The center shall establish an information file on all state agency permit requirements that affect business activities in Indiana. The center shall: (1) develop methods for maintaining, updating, and providing ready access to the information file; (2) use the information …

Sec. 6. The center may prepare and distribute publications and other materials that: (1) serve the convenience of permit applicants; and (2) explain permit requirements affecting business activities. As added by P.L.4-2005, SEC.34.

services; advice to applicants Sec. 7. The center may encourage federal and local government permit agencies to use the services provided by the center to make information available to permit applicants. The center may advise permit applicants of federal and local permit requirem…

Sec. 8. The center may not charge a fee for services provided under this chapter. However, this section does not relieve a permit applicant of any part of the fees or charges established by a state agency for the review and approval of permit applications. As added by P.L.4-2005,…

Sec. 9. This chapter does not affect the authority of a state agency to approve or deny a permit in the manner provided by any other law. As added by P.L.4-2005, SEC.34.

Sec. 1. The general assembly finds the following: (1) Mandatory divestment by the system of fund holdings in entities and investment products is a measure that should be employed only under extraordinary circumstances. (2) The People's Republic of China has both the motivation an…

Sec. 10. As used in this chapter, "system" has the meaning set forth in IC 5-10.5-1-6. As added by P.L.104-2023, SEC.1.

Sec. 11. After June 30, 2023, the system may not knowingly invest in a restricted entity or a restricted investment product and shall divest any investment that the system has on behalf of a fund in accordance with this chapter. Determinations under this chapter are independent o…

Sec. 12. Before June 30, 2023, and at least annually before July 1 of each subsequent year, the board shall make a good faith effort to identify all restricted entities and restricted investment products in which the system holds an investment. The board may use an independent re…

Sec. 13. If the board determines after a review under section 12 of this chapter that the system has investments in a restricted entity or a restricted investment product, the board shall establish a plan to divest the investment and complete the divestment as soon as financially…

Sec. 14. The board, as directed by the legislative council, shall consult with the interim study committee on pension management oversight to determine whether to cease or defer divestment in the entity or product initiated under this chapter and resume investment in the entity o…

Sec. 15. (a) On or before November 2, 2023, and annually before November 2 of each subsequent year, the board shall submit a report in an electronic format under IC 5-14-6 to the executive director of the legislative services agency for distribution to the members of the general …

obligations Sec. 16. With respect to actions taken in compliance with this chapter, including all good faith determinations regarding restricted entities and restricted investment products, the board and the system are exempt from any conflicting statutory or common law obligatio…

Sec. 17. (a) Both: (1) the state and its officers, agents, and employees; and (2) a fund or the system 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 fun…

fund Sec. 18. (a) Except as provided in subsection (b), the divestment requirements of this chapter do not apply to existing investments in private market funds. (b) The requirements of section 11 of this chapter shall apply to existing investments in private market funds. (c) No…

Sec. 19. The provisions of this chapter are severable in the manner provided in IC 1-1-1-8(b). As added by P.L.104-2023, SEC.1.

Sec. 2. As used in this chapter, "board" refers to the board of trustees of the Indiana public retirement system established by IC 5-10.5-3-1. As added by P.L.104-2023, SEC.1.

Sec. 3. As used in this chapter, "control" means the following: (1) Control as defined in the Investment Company Act of 1940 (15 U.S.C. 80a–2(a)). (2) Involvement in an entity's governance structure, monitoring, or internal human resources decisions of an entity consistent with t…

Sec. 4. As used in this chapter, "divest" means a sale, redemption, replacement, or any other activity that terminates the investment. As added by P.L.104-2023, SEC.1. IC 5-10.2-13-5 "Fund" Sec. 5. As used in this chapter, "fund" refers to any public pension and retirement funds …

Sec. 6. As used in this chapter, "investment" refers to any investment that the board or system is authorized to make under IC 5-10.5-5 or another law. As added by P.L.104-2023, SEC.1.

Sec. 7. As used in this chapter, "person" means an individual or entity. As added by P.L.104-2023, SEC.1.

Sec. 8. As used in this chapter, "restricted entity" refers to the following, including wholly owned subsidiaries, majority owned subsidiaries, parent companies, and affiliates that exist for profit-making purposes: (1) Any person (other than a U.S. person (as defined in 15 CFR 7…

Sec. 9. As used in this chapter, "restricted investment product" refers to an investment product that: (1) is managed by one (1) or more persons: (A) that are not employed by the system; and (B) in which the system on behalf of the fund owns investments together with investors ot…

limitations Sec. 1. (a) Any bonds, notes, or warrants, whether payable from property taxes, revenues, or any other source, are not subject to the maximum interest rate limitations contained in any law enacted before December 31, 1982, if they are issued by or in the name of any e…

Sec. 1.2. As used in this chapter, "issuer" means any issuer of obligations that is referred to in IC 5-1-1-1(b). As added by P.L.37-1988, SEC.2.

Sec. 1.3. The following definitions apply throughout this chapter: (1) "Local issuing body" has the meaning set forth in IC 5-1-5-1. (2) "Special benefit taxes" has the meaning set forth in IC 5-1-5-1. (3) "Swap agreement" has the meaning set forth in IC 8-9.5-9-4, except that th…

Sec. 1.5. As used in this chapter, "obligations" has the meaning set forth in IC 5-1-3-1(2). As added by P.L.37-1988, SEC.3. Amended by P.L.88-2021, SEC.3.

Sec. 11. If an issuer is authorized by statute to issue obligations and to make payments of principal and interest to owners of those obligations from any source, the issuer is authorized to pay fees and charges associated with the issuance of the obligations from that source, in…

Sec. 12. Notwithstanding any other law, if an agency, an authority, a board, a department, or a commission of a unit (as defined in IC 36-1-2) is authorized to issue obligations in the name of the unit for any purpose for which any other agency, authority, board, department, or c…

issuer Sec. 12.5. Notwithstanding any other law, an issuer may purchase any obligations on terms the issuer finds reasonable and may issue its obligations to effectuate that purpose on terms that the issuer finds reasonable. As added by P.L.224-2003, SEC.265.

Sec. 13. The following provisions apply when an issuer negotiates a sale of obligations and a statute does not specify a time within which to contest the validity of the obligations or the sale of the obligations: (1) No action to contest the validity of the obligations may be br…

development Sec. 14. (a) Notwithstanding any other law, a municipality may sell the municipality's interest in any notes payable to the municipality at a negotiated sale. (b) A county or municipality may establish a revolving fund from grants, the revenue received by the county o…

Sec. 15. (a) Before July 1, 2008, a county or municipality may issue bonds, notes, or other obligations for the purpose of providing funds to pay pension benefits under IC 36-8-6, IC 36-8-7, or IC 36-8-7.5. (b) Notwithstanding any other law: (1) bonds, notes, or other obligations…

equal payment amounts and at regular designated intervals; exceptions Sec. 16. (a) This section applies to obligations that are: (1) issued after June 30, 2008, by a local issuing body; and (2) payable from ad valorem property taxes, special benefit taxes on property, or tax incr…

Sec. 17.2. (a) This section does not apply to a political subdivision or other local entity when the political subdivision or other local entity participates in a program sponsored by the Indiana bond bank in which the actions of the Indiana bond bank are subject to this section.…

Sec. 18. In connection with the issuance by the issuer of any obligation described in IC 5-1-1-1(b), the execution of the obligation (including any contract, certificate, or other document executed on behalf of the issuer in connection with the execution of the obligation) using …

maturity date Sec. 2. Any bonds, notes, or warrants, whether payable from property taxes, revenues, or any other source, issued by an entity enumerated in section 1(a) of this chapter may provide that the bonds, notes, or warrants may be payable before maturity from available fun…

interest on bonds Sec. 3. Notwithstanding any other law, any issuer may take any reasonable and necessary action to establish or maintain the exclusion from gross income for interest on obligations of the issuer under federal law. These actions may include, without limitation: (1…

Sec. 5. Notwithstanding any other law, any city, town, county, school corporation, or regional district organized under IC 13-26 or IC 13-3-2 (before its repeal) that has complied with all statutory requirements for the issuance of its bonds, other than IC 5-1-11 or any public sa…

services reserves, or payment of interest; reimbursements Sec. 6. (a) Notwithstanding any other law, an issuer may use proceeds of its obligations to pay the reasonable cost of issuance of the obligations or to fund reasonably required debt service reserves to secure the payment …

Sec. 7. (a) This section applies to: (1) each county having a population of more than one hundred eighty thousand (180,000) and less than one hundred eighty-five thousand (185,000); and (2) each second class city located in a county described in subdivision (1). (b) As used in th…

constitutional purposes Sec. 8. If a statute provides that amounts due under a loan to a political subdivision (as defined in IC 36-1-2) or a local public improvement bond bank shall or may be withheld by the auditor of state from other money payable to the political subdivision …

Sec. 9. (a) The general assembly covenants that it will not adopt, amend, or repeal a statute in a way that impairs the rights and remedies of the owners of obligations, until the obligations, interest on the obligations, interest on an unpaid installment of interest, and all cos…

Sec. 1. As used in this chapter, "dies in the line of duty" refers to a death that occurs as a direct result of personal injury or illness resulting from an action that an employee, in the employee's capacity as an employee, is obligated or authorized to perform by rule, regulati…

Sec. 2. As used in this chapter, "employee" means an individual who is employed full time by the state as a state police officer. As added by P.L.24-2005, SEC.2.