Indiana § 25-2.1-8-4 Accountant investigative fund; establishment; appropriation;
memorandum of understanding; review

Indiana Statutes

§ 25-2.1-8-4 — Accountant investigative fund; establishment; appropriation; memorandum of understanding; review

Indiana § 25-2.1-8-4

Title 25PROFESSIONS AND OCCUPATIONS

Art. 2.1ACCOUNTANTS

Ch. 8Enforcement

This text of Indiana § 25-2.1-8-4 (Accountant investigative fund; establishment; appropriation; memorandum of understanding; review) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 25-2.1-8-4 (2026).

Text

(a)The accountant investigative fund is established to provide funds for administering and enforcing the provisions of this article, including investigating and taking enforcement action against violators of this article. The fund shall be administered by the Indiana professional licensing agency.

(b)The expenses of administering the fund shall be paid from the money in the fund. The fund consists of:

(1)money from a fee imposed upon a person who holds a certificate as an accounting practitioner, a CPA, or a PA under IC 25-2.1-2-12(b);

(2)civil penalties collected under IC 25-2.1-13-3(b); and

(3)civil penalties collected under IC 25-1-11-12.

(c)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 othe

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(a) The accountant investigative fund is
established to provide funds for administering and enforcing the
provisions of this article, including investigating and taking
enforcement action against violators of this article. The fund shall be
administered by the Indiana professional licensing agency.
(b) The expenses of administering the fund shall be paid from the
money in the fund. The fund consists of:
(1) money from a fee imposed upon a person who holds a
certificate as an accounting practitioner, a CPA, or a PA under IC 25-2.1-2-12(b);
(2) civil penalties collected under IC 25-2.1-13-3(b); and
(3) civil penalties collected under IC 25-1-11-12.
(c) 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.
(d) Money in the fund at the end of a state fiscal year does not revert
to the state general fund. However, if the total amount in the fund
exceeds one million dollars ($1,000,000) at the end of a state fiscal
year after payment of all claims and expenses, the amount that exceeds
one million dollars ($1,000,000) reverts to the state general fund.
(e) Money in the fund is continually appropriated to the Indiana
professional licensing agency for its use in administering and enforcing
this article and conducting investigations and taking enforcement
action against persons violating this article.
(f) The attorney general and the Indiana professional licensing
agency may enter into a memorandum of understanding to provide the
attorney general with funds to conduct investigations and pursue
enforcement action against violators of this article.
(g) The attorney general and the Indiana professional licensing
agency shall present the memorandum of understanding annually to the
board for review.