Sec. 4. (a) The consumer restitution fund is established for the purpose of compensating qualifying individuals who submit qualifying claims to the secretary.

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Terms Used In Indiana Code 9-32-18-4

  • 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 consumer restitution fund established by section 4 of this chapter. See Indiana Code 9-32-18-1
  • 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) appropriations made to the fund by the general assembly;

(2) grants, gifts, and donations intended for deposit in the fund; and

(3) at the discretion of the secretary, money recovered or received by the secretary for consumer protection purposes, if use of the money is not otherwise restricted.

     (c) At the discretion of the secretary, the secretary may make an annual deposit from the dealer compliance account established by IC 9-32-7-1 or the dealer enforcement account established by IC 9-32-7-2, or both, into the fund.

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

     (e) 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.

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

As added by P.L.179-2017, SEC.97.

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