§ 4-6-16-4 — Amount of contingency fee

Indiana § 4-6-16-4

• Jurisdiction: Indiana
• Art. 6: ATTORNEY GENERAL
• Ch. 16: Attorney General Contingency Fee Fund

Text

(a) Subject to section 5 of this chapter, the
attorney general is entitled to a contingency fee equal to:
(1) the amount of state funds that are received in a settlement
agreement or court order described in IC 4-12-16-3(a); multiplied
by
(2) the applicable contingency fee percentage under subsection
(b).
(b) The applicable contingency fee percentage for purposes of
subsection (a) shall not exceed the aggregate contingency fee sum of
the following:
(1) Twenty-five percent (25%) of any recovery that exceeds two
million dollars ($2,000,000) and that is not more than ten million
dollars ($10,000,000).
(2) Twenty percent (20%) of any part of a recovery of more than
ten million dollars ($10,000,000) and not more than fifteen
million dollars ($15,000,000).
(3) Fifteen percent (15%) of any part of a recovery of more than
fifteen million dollars ($15,000,000) and not more than twenty
million dollars ($20,000,000).
(4) Ten percent (10%) of any part of a recovery of more than
twenty million dollars ($20,000,000) and not more than
twenty-five million dollars ($25,000,000).
(5) Five percent (5%) of any part of a recovery of more than
twenty-five million dollars ($25,000,000).
(c) Money recovered as a contingency fee shall be deposited in the
fund. The contingency fee amount shall first be deposited in the fund
before the remaining recovered state funds are deposited in the agency
settlement fund under IC 4-12-16-3(a).

Legislative History

As added by P.L.201-2023, SEC.60.