Sec. 14.7. (a) The securities rating settlement fund is established for the purpose of depositing and distributing money received under a multistate agreement related to litigation concerning the rating processes used by Standard & Poor's Financial Services and McGraw Hill Financial, Inc.
(b) All money that is received by the state under the multistate agreement described in subsection (a) shall be deposited in the fund.
(c) The fund shall be administered by the budget agency. Money in the fund at the end of the state fiscal year does not revert to the state general fund.
(d) Money deposited into the fund shall be distributed by the auditor of state as follows:
(1) Sixty-seven and sixty-seven hundredths percent (67.67%) shall be transferred to the state general fund.
(2) Sixteen and one hundred sixty-five thousandths percent (16.165%) shall be transferred to the securities division enforcement account established by IC 23-19-6-1.
(3) Sixteen and one hundred sixty-five thousandths percent (16.165%) shall be transferred to the agency settlement fund established by IC 4-12-16-2.
As added by P.L.213-2015, SEC.45. Amended by P.L.201-2018, SEC.1.
Structure Indiana Code
Title 4. State Offices and Administration
Article 12. Appropriations Management
4-12-1-1. Short Title; Purposes
4-12-1-3. Creation of Budget Agency; Director; Establishment of Budget Committee
4-12-1-4. Deputy Budget Directors; Staff Members, Assistants, Employees, and Clerks; Experts
4-12-1-7. Statements of State Agencies; Filing; Examination; Recommendations for Budget Report
4-12-1-10. Budget Committee; Meetings; Time; Expiration of Section
4-12-1-11. Budget Committee; Functions; Compensation
4-12-1-11.5. Agency Action Requiring Budget Committee Review; Placement on Committee Agenda
4-12-1-12. Appropriation Lists; Allotment System; Transfer; Emergency or Contingency Appropriations
4-12-1-12.5. "Block Grant" Defined; Transfers of Funds
4-12-1-14.2. Oil Overcharge Funds; Appropriation to Division of Family Resources; Amount
4-12-1-14.3. Tobacco Master Settlement Agreement Fund
4-12-1-14.5. Mortgage Foreclosure Multistate Settlement Fund; Energy Assistance
4-12-1-15. Emergency or Contingency Appropriations; Standards for Allocation
4-12-1-15.5. Medicaid Contingency and Reserve Account
4-12-1-15.7. State Tuition Reserve Account
4-12-1-16. Transfer of Powers and Duties
4-12-1-17.2. Establishment of Hoosier Families First Fund; Appropriation; Allotment of Money
4-12-1-18. Appropriation and Allotment of Federal Funds to Instrumentalities
4-12-1-19. Combined General Fund Reserves
4-12-1-20. Pokagon Band Tribal-State Compact Fund
4-12-1-21. State Employees; Salary Funded From Donated Money; Reporting Requirement