Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 3. (a) The fund consists of:
(1) except as provided in subsections (b) and (c), IC 4-12-16.2, and IC 4-12-16.3, all funds received by the state, less any amount owed for outside counsel attorney's fees, costs, or expenses, under:
(A) multistate and Indiana specific settlements;
(B) assurances of voluntary compliance accepted by the attorney general; and
(C) any other form of agreement that:
(i) is enforceable by a court; and
(ii) settles litigation between the state and another party; and
(2) all money recovered as court costs or costs related to litigation.
(b) Any amount of restitution that is:
(1) awarded to an individual or institution under a settlement or assurance of voluntary compliance;
(2) unclaimed by an individual or institution;
(3) received by a state agency; and
(4) determined to be abandoned property under IC 32-34-1.5;
must be deposited in the abandoned property fund under IC 32-34-1.5-42.
(c) The fund does not include the following:
(1) Funds received by the state department of revenue.
(2) Funds required to be deposited in the securities division enforcement account (IC 23-19-6-1).
(3) Funds received as the result of a civil forfeiture under IC 34-24-1.
(4) Funds received as a civil penalty or as part of an enforcement or collection action by an agency authorized to impose a civil penalty or engage in an enforcement or collection action, if the funds are required to be deposited in the general fund or another fund by statute.
(5) Funds recovered by the Medicaid fraud control unit in actions to recover money inappropriately paid out of or obtained from the state Medicaid program.
(6) Amounts required to be paid as consumer restitution or refunds in settlements specified in this chapter.
(7) Amounts received under the Master Settlement Agreement (as defined in IC 24-3-3-6).
(8) Amounts received as a result of opioid litigation settlements that are required to be distributed as provided in IC 4-6-15-4.
(9) Amounts deposited in the attorney general contingency fee fund under IC 4-6-16.
Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-12-16-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-12-16-3/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)