Sec. 9. (a) The homeowner protection
unit account within the general fund is established to support the operations of the unit. The account is administered by the
attorney general.
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Terms Used In Indiana Code 4-6-12-9
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- unit: refers to the homeowner protection unit established under this chapter. See Indiana Code 4-6-12-1
(1) Fees collected under IC 24-9-9.
(2) Fees distributed to the account under IC 33-34-8-3, IC 33-37-7-2(a), and IC 33-37-7-8(a).
(c) The expenses of administering the homeowner protection unit account shall be paid from money in the account.
(d) The treasurer of state shall invest the money in the homeowner protection unit account not currently needed to meet the obligations of the account in the same manner as other public money may be invested.
(e) Money in the homeowner protection unit account at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.73-2004, SEC.4. Amended by P.L.64-2007, SEC.1; P.L.52-2017, SEC.4.
