Sec. 1. (a) The auctioneer recovery fund is established for the purpose set out in this chapter. The fund shall be administered by the auctioneer commission.
(b) 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 funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
(c) Money in the fund at the end of a fiscal year does not revert to the state general fund, except as provided in section 2.1 of this chapter.
As added by P.L.256-1987, SEC.4. Amended by P.L.143-1990, SEC.1.
Structure Indiana Code
Title 25. Professions and Occupations
Article 6.1. Auctioneers and Auctions
Chapter 8. Auctioneer Recovery Fund
25-6.1-8-1. Establishment of Fund; Administration; Investments
25-6.1-8-2. Surcharge; Formula; Assessment
25-6.1-8-2.1. Reversion of Excess Funds
25-6.1-8-3. Interest Credited; Payment of Expenses
25-6.1-8-4. Claims Against Fund; Applications; Amount of Loss; Limitation on Recovery
25-6.1-8-6. Agents for Service of Process
25-6.1-8-7. Limitation of Actions; Notice of Commencement of Action
25-6.1-8-8. Commission as Defendant; Hearings; Order of Payment of Claim
25-6.1-8-10. Suspension of Judgment Debtor's License; Repayment by Licensee; Interest
25-6.1-8-12. Expenditure of Interest
25-6.1-8-13. Attorney General; Assistance to Commission; Expenses