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Indiana Code Title 4. State Offices and Administration § 4-6-16-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. (a) Subject to section 5 of this chapter, the attorney general is entitled to a contingency fee equal to:

(1) the amount of state funds that are received in a settlement agreement or court order described in IC 4-12-16-3(a);  multiplied by

(2) the applicable contingency fee percentage under subsection (b).

(b) The applicable contingency fee percentage for purposes of subsection (a) shall not exceed the aggregate contingency fee sum of the following:

(1) Twenty-five percent (25%) of any recovery that exceeds two million dollars ($2,000,000) and that is not more than ten million dollars ($10,000,000).

(2) Twenty percent (20%) of any part of a recovery of more than ten million dollars ($10,000,000) and not more than fifteen million dollars ($15,000,000).

(3) Fifteen percent (15%) of any part of a recovery of more than fifteen million dollars ($15,000,000) and not more than twenty million dollars ($20,000,000).

(4) Ten percent (10%) of any part of a recovery of more than twenty million dollars ($20,000,000) and not more than twenty-five million dollars ($25,000,000).

(5) Five percent (5%) of any part of a recovery of more than twenty-five million dollars ($25,000,000).

(c) Money recovered as a contingency fee shall be deposited in the fund.  The contingency fee amount shall first be deposited in the fund before the remaining recovered state funds are deposited in the agency settlement fund under IC 4-12-16-3(a).

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-6-16-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-6-16-4/

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