Sec. 12. (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.
As added by P.L.12-2016, SEC.8.
Structure Indiana Code
Article 11. Services for Individuals With Disabilities
Chapter 14. Achieving a Better Life Experience (Able) Program
12-11-14-4. "Contracting State"
12-11-14-5. "Designated Beneficiary"
12-11-14-6. "Eligible Individual"
12-11-14-7. "Qualified Able Program"
12-11-14-8. "Qualified Disability Expense"
12-11-14-10. Establishment of Able Board; Members; Appointments; Chairperson; Reimbursement; Quorum
12-11-14-10.5. Treasurer of State Administers, Manages, and Directs the Affairs of the Board
12-11-14-11. Board Duties and Powers
12-11-14-12. Authority Duties; Annual Report
12-11-14-13. Accepting of Gifts and Property by Authority
12-11-14-14. Designated Person Maintaining Records of Authority Proceedings; Custodian
12-11-14-16. Not a Conflict of Interest to Serve on Authority; Disclosure of Conflicts by Member
12-11-14-18. Investment Policies
12-11-14-19. Investment Policies by Board
12-11-14-20. Preserving, Investing, and Expenditures of Trust Fund and Property; Trust
12-11-14-21. Management of Assets in Trust Fund
12-11-14-22. Expenses of Authority; Exhausting of Funds
12-11-14-23. Audit; Transmission of Audit
12-11-14-24. Taxation Exemption; Property of Account Owner; Funds in Able Account