§ 12-11-14-12 — Authority duties; annual report

(a) The authority shall do the following:
(1) Provide the board and each member, officer, employee,
consultant, counsel, and agent of the authority or the board a
defense in a suit arising out of the performance of duties for or on
behalf of the authority or the board, if the board determines that
the duties were provided in good faith.
(2) Hold a person described in subdivision (1) or the board
harmless from any liability, cost, or damage in connection with an
action arising out of the performance of duties for or on behalf of
the authority or the board, including the payment of any legal
fees, except where the liability, cost, or damage is predicated on,
or arises out of, bad faith of the person or the board, or is based on
the person's or board's malfeasance in the performance of duties.
(b) The authority shall prepare an annual report for the qualified
ABLE program and transmit the annual report to the governor and, in
an electronic format under IC 5-14-6, to the general assembly. The
authority shall make available upon request a copy of the annual report
to qualified beneficiaries, account owners, and the public.

Legislative History

As added by P.L.12-2016, SEC.8.