Indiana § 9-32-18-4 Consumer restitution fund established; deposits; investments; reversion
to general fund

Indiana Statutes

§ 9-32-18-4 — Consumer restitution fund established; deposits; investments; reversion to general fund

Indiana·Title 9 MOTOR VEHICLES·Art. 32 DEALER SERVICES·Ch. 18 Consumer Restitution Fund

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

(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 t

Free access — add to your briefcase to read the full text and ask questions with AI

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

Indiana § 9-32-18-4 (Consumer restitution fund established; deposits; investments; reversion to general fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.