Indiana § 4-12-1-14.7 Securities rating settlement fund; administration by budget agency;
distribution of money in the fund

Indiana Statutes

§ 4-12-1-14.7 — Securities rating settlement fund; administration by budget agency; distribution of money in the fund

Indiana § 4-12-1-14.7

Art. 12APPROPRIATIONS MANAGEMENT

Ch. 1The Budget Agency

This text of Indiana § 4-12-1-14.7 (Securities rating settlement fund; administration by budget agency; distribution of money in the fund) 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 § 4-12-1-14.7 (2026).

Text

7.

(a)The securities rating settlement fund is established for the purpose of depositing and distributing money received under a multistate agreement related to litigation concerning the rating processes used by Standard & Poor's Financial Services and McGraw Hill Financial, Inc.

(b)All money that is received by the state under the multistate agreement described in subsection (a) shall be deposited in the fund.

(c)The fund shall be administered by the budget agency. Money in the fund at the end of the state fiscal year does not revert to the state general fund.

(d)Money deposited into the fund shall be distributed by the state comptroller as follows:

(1)Sixty-seven and sixty-seven hundredths percent (67.67%) shall be transferred to the state general fund.

(2)Sixteen and one hundred s

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7. (a) The securities rating settlement fund
is established for the purpose of depositing and distributing money
received under a multistate agreement related to litigation concerning
the rating processes used by Standard & Poor's Financial Services and
McGraw Hill Financial, Inc.
(b) All money that is received by the state under the multistate
agreement described in subsection (a) shall be deposited in the fund.
(c) The fund shall be administered by the budget agency. Money in
the fund at the end of the state fiscal year does not revert to the state
general fund.
(d) Money deposited into the fund shall be distributed by the state
comptroller as follows:
(1) Sixty-seven and sixty-seven hundredths percent (67.67%)
shall be transferred to the state general fund.
(2) Sixteen and one hundred sixty-five thousandths percent
(16.165%) shall be transferred to the securities division
enforcement account established by IC 23-19-6-1.
(3) Sixteen and one hundred sixty-five thousandths percent
(16.165%) shall be transferred to the agency settlement fund
established by IC 4-12-16-2.