Sec. 14. Total administrative costs, including payments to board members under IC 33-44-4-11 and IC 33-44-4-12, costs for employees under IC 33-44-8, and all other costs of managing and administering the fund and otherwise performing all responsibilities of the board, may not exceed fifteen percent (15%) of the amounts received into the fund from interest bearing attorney trust accounts.
[Pre-2004 Recodification Citation: 33-20-7-14.]
As added by P.L.98-2004, SEC.23.
Structure Indiana Code
Title 33. Courts and Court Officers
Article 44. Interest Bearing Attorney Trust Accounts
Chapter 7. Indiana Attorney Trust Account Fund
33-44-7-3. Deposit of Interest Remitted
33-44-7-5. Investment of Funds
33-44-7-6. Nonreversion of Money in Fund
33-44-7-7. Income Received by Board From Remittance of Interest Not Taxable to Attorney or Client
33-44-7-8. Disbursements; Limitations
33-44-7-9. Order and Amount of Disbursements
33-44-7-12. Contracts; Award of Grants
33-44-7-13. Considerations in Making Disbursements
33-44-7-14. Total Administrative Costs; Maximum
33-44-7-15. Fund Audits; Audits of Fund Disbursement Recipients