Sec. 6. (a) The attorney general contingency fee fund is established for the purposes of paying litigation costs of the attorney general’s office.

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Terms Used In Indiana Code 4-6-16-6

  • 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
  • contingency fee: means a fee for legal services:

    Indiana Code 4-6-16-2

  • 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.
  • fund: means the attorney general contingency fee fund established by section 6 of this chapter. See Indiana Code 4-6-16-3
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
     (b) The fund consists of:

(1) money deposited in the fund under section 4 of this chapter; and

(2) all earnings on investments of the funds.

     (c) The attorney general shall administer the fund.

     (d) Subject to subsection (e), money in the fund may be used to fund future litigation and consumer education initiatives.

     (e) Money deposited in the fund must be used in accordance with any settlement requirements imposed for its use as determined by court order.

     (f) The expenses of administering the fund shall be paid from the money in the fund.

     (g) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public money may be invested.

     (h) Money in the fund at the end of a state fiscal year does not revert to the state general fund.

     (i) Money in the fund shall be continuously appropriated and is not subject to allotment under IC 4-12-1-12(d).

As added by P.L.201-2023, SEC.60. Amended by P.L.123-2024, SEC.2.

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