Title 5, STATE AND LOCAL ADMINISTRATION

Sec. 10. As used in this chapter, "subaccount" means a participant's allocable share of the account. As added by P.L.44-2007, SEC.1.

Sec. 11. (a) The INPRS shall adopt provisions to establish a retirement medical benefits account as a health reimbursement arrangement or as a separate fund under another applicable section of the Internal Revenue Code for the purpose of funding by an employer on a pretax basis b…

Sec. 12. The INPRS may request from the Internal Revenue Service any rulings or determination letters that the INPRS considers necessary or appropriate in order to implement or administer the account. As added by P.L.44-2007, SEC.1. Amended by P.L.108-2019, SEC.89.

Sec. 13. (a) The INPRS may designate the board of trustees of the fund to manage the assets in the account in the same manner and with the same limitations that apply to the management of the assets in the fund. (b) The assets in the account may be commingled or pooled with other…

Sec. 14. (a) The account may consist of the following: (1) Contributions made by a participant's employer to the account under section 15 or 16 of this chapter. (2) All earnings on investments or deposits of the account. (3) All contributions or payments to the account made in a …

Sec. 15. (a) Except as provided in subsections (c), (d), and (e), a participant's employer shall make contributions annually to the account on behalf of the participant sufficient to provide the benefit described in section 17 of this chapter. For a participant meeting the eligib…

Sec. 16. (a) Except as provided in subsection (f), if a participant meets all of the following conditions the participant is entitled to receive an additional contribution credited to the participant's subaccount and computed as described in subsection (b): (1) The participant is…

Sec. 17. (a) A retired participant is entitled to receive a benefit from the account. The benefit amount is the balance in the participant's subaccount as determined under this chapter. (b) A participant who is not a retired participant is not entitled to receive a benefit from t…

Sec. 18. The balance in a retired participant's subaccount may be used by the retired participant and the spouse and dependents of the retired participant to pay premiums for individual or group health coverage. As added by P.L.44-2007, SEC.1. Amended by P.L.124-2008, SEC.1.

Sec. 19. (a) The surviving spouse or dependent of a retired participant may use amounts credited to the retired participant to pay health insurance and other health care related expenses to the same extent and in the same manner as the retired participant. (b) If a retired partic…

Sec. 2. As used in this chapter, "account" refers to the retirement medical benefits account established by section 11 of this chapter. As added by P.L.44-2007, SEC.1.

Sec. 20. The INPRS shall submit annually to the interim study committee on pension management oversight the information necessary for it to review the financial status of the account. As added by P.L.44-2007, SEC.1. Amended by P.L.108-2019, SEC.94.

Sec. 4. As used in this chapter, "department" refers to the state personnel department established under IC 4-15-2.2. As added by P.L.44-2007, SEC.1. Amended by P.L.6-2012, SEC.27.

Sec. 5. As used in this chapter, "employer" means the following: (1) For an elected officer, appointed officer, or employee of the executive branch of state government who is a participant in the retirement medical benefits account, the state, including any board, commission, dep…

Sec. 6. As used in this chapter, "fund" refers to the public employees' retirement fund established under IC 5-10.3-2-1. As added by P.L.44-2007, SEC.1.

Sec. 6.5. "INPRS" refers to the Indiana public retirement system established by IC 5-10.5-2-1. As added by P.L.108-2019, SEC.87.

Sec. 7. As used in this chapter, "Internal Revenue Code": (1) means the Internal Revenue Code of 1954, as in effect September 1, 1974, if permitted with respect to governmental plans; or (2) to the extent not inconsistent with subdivision (1), has the meaning set forth in IC 6-3-…

Sec. 8. As used in this chapter, "participant" means an individual for whom a subaccount is established under section 14 of this chapter. As added by P.L.44-2007, SEC.1.

Sec. 9. (a) As used in this chapter, "retired participant" means the following: (1) A participant who is eligible for a normal, unreduced or disability retirement benefit (as determined by the Indiana public employee retirement fund of which the participant is a member) on the pa…

Sec. 9.5. (a) This section applies only to a person who: (1) was an employee of the executive, legislative, or judicial branch of state government (other than an employee described in section 1(b)(1) through 1(b)(3) of this chapter); (2) after June 30, 2007, and before July 1, 20…

Sec. 9.6. (a) This section applies only to a person who: (1) is an employee of the executive, legislative, or judicial branch of state government (other than an employee described in section 1(b)(1) through 1(b)(3) of this chapter); and (2) after June 30, 2011, leaves employment …

Sec. 9.7. (a) This section does not apply to a: (1) retired participant or the spouse and dependents of a retired participant; or (2) participant who is eligible to receive an additional contribution under section 16 of this chapter. (b) Subject to applicable federal tax law, exc…

Sec. 1. As used in this chapter, "capital asset" means a building, a fixture, a structure, an improvement, or land. As added by P.L.139-2015, SEC.2.

Sec. 2. As used in this chapter, "fund" means a fund established under section 4 of this chapter. As added by P.L.139-2015, SEC.2.

Sec. 3. (a) Subject to the requirements of this chapter, the fiscal body of a political subdivision may adopt an ordinance (in the case of a county or municipality) or a resolution (in the case of any other political subdivision) to authorize the investment of proceeds from the s…

Sec. 4. (a) Except as provided in subsection (d), if the fiscal body of a political subdivision adopts an ordinance or a resolution under section 3 of this chapter for a particular capital asset, the fiscal officer of the political subdivision shall establish a separate fund into…

Sec. 5. The following apply to money deposited in the fund: (1) The principal of the fund consists of: (A) the amount deposited in the fund as the proceeds from the sale of the capital asset; plus (B) any investment income that is: (i) earned on money in the fund; and (ii) added …

Sec. 6. The department of local government finance may not reduce a political subdivision's property tax levy under IC 6-1.1-18.5 or any other law on account of money deposited in a fund established under this chapter. As added by P.L.139-2015, SEC.2.

Sec. 1. (a) A financial institution may at any time file an application to become a depository and receive public funds of the state on deposit. Except as provided in IC 5-13-8-1 and IC 5-13-8-7, designation of a depository to receive public funds of the state qualifies a deposit…

Sec. 2. The state board of finance shall consider all applications of financial institutions filed with the state board of finance. As added by P.L.18-1996, SEC.22.

Sec. 3. (a) The state board of finance shall designate as a depository for public funds of the state any financial institution qualified under section 1 of this chapter that: (1) properly files an application to receive a deposit of public funds of the state and to provide the se…

Sec. 4. When the state board of finance has designated a depository for public funds, the treasurer of state shall accept the application of the financial institution to act as a depository for public funds. A designation under this section expires only under the following condit…

Sec. 5. A financial institution designated as a depository under this chapter shall, upon request of the treasurer of state, file a copy of the institution's most recent statement of condition. As added by P.L.18-1996, SEC.22.

Sec. 6. (a) The board for depositories regarding depositories of public funds of the state may revoke the commission of any depository at any time for any cause considered sufficient by the board for depositories. (b) The causes for which the board for depositories may revoke the…

Sec. 7. Any depository designated under this chapter may resign as a depository and relinquish all public funds on deposit with the depository. The resignation is effective: (1) thirty (30) days after written notice is given to the state board of finance; and (2) after settlement…

Sec. 8. (a) The state board of accounts, with the approval of the attorney general, shall prepare and prescribe: (1) a form of agreement to receive public funds on deposit that may be accepted and executed, as provided in this chapter; and (2) any other forms necessary to carry o…

Sec. 1. The following definitions apply throughout this chapter: (1) "Board" refers to the board of trustees of the Indiana public retirement system. (2) "Employer" means an employer of an employee that may receive a lump sum death benefit under a statute identified in section 2(…

Sec. 2. (a) The special death benefit fund is established for the purpose of paying lump sum death benefits under the following statutes: (1) IC 5-10-10. (2) IC 5-10-11. (3) IC 10-12-6. (4) IC 36-8-6-20. (5) IC 36-8-7-26. (6) IC 36-8-7.5-22. (7) IC 36-8-8-20. (b) The fund consist…

Sec. 2.5. (a) The board shall determine contributions and contribution rates for individual employers or for a group of employers necessary to adequately maintain the fund. (b) The board shall deposit any contributions received under this section in the fund. As added by P.L.99-2…

Sec. 1. As used in this chapter: "Political subdivision" means county, township, city, town, school corporation, library district, fire protection district, public transportation corporation, local hospital authority or corporation, local airport authority district, special servi…

Sec. 2. All warrants or checks drawn upon public funds of a political subdivision that are outstanding and unpaid for a period of two (2) or more years as of the last day of December of each year are void. No individual, bank, trust company, building and loan association, or any …

Sec. 3. Not later than March 1 of each year, the treasurer of each political subdivision shall prepare or cause to be prepared a list in triplicate of all warrants or checks that have been outstanding for a period of two (2) or more years as of December 31 of the preceding year. …

Sec. 4. Each list prepared under section 3 of this chapter must show: (1) the date of issue of each warrant or check; (2) the fund upon which the warrant or check was originally drawn; (3) the name of the payee; (4) the amount of each warrant or check issued; and (5) the total am…

Sec. 5. (a) Upon the preparation and transmission of the copies of the list of the outstanding warrants or checks, the treasurer of the political subdivision shall enter the amounts so listed as a receipt into the fund or funds from which they were originally drawn and shall also…

Sec. 7. (a) This section applies to a warrant or a check drawn from the public funds of a political subdivision, if the check or warrant is outstanding and unpaid, but is not determined to be unclaimed property under IC 32-34-1.5. (b) An agreement for which the primary purpose is…

Sec. 0.3. Actions taken after June 30, 2007, and before March 24, 2008, that would have been valid under section 3 of this chapter, as amended by P.L.115-2008, are legalized and validated. As added by P.L.220-2011, SEC.95.