Sec. 25. (a) The securities restitution fund is established.

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Terms Used In Indiana Code 23-20-1-25

  • division: refers to the securities division of the office of the secretary of state. See Indiana Code 23-20-1-2
  • fund: refers to the securities restitution fund established by section 25 of this chapter. See Indiana Code 23-20-1-3
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
     (b) The fund consists of:

(1) amounts from funds received for deposit in the securities division enforcement account as provided in IC 23-19-6-1(h);

(2) two percent (2%) of funds received from other fees and revenues from the administration of IC 23-19 that would otherwise be deposited in the state general fund as provided in IC 23-19-6-1(o); and

(3) amounts appropriated from the general assembly.

As added by P.L.114-2010, SEC.12. Amended by P.L.156-2023, SEC.14.

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