IC 4-30-15-1 Creation
Sec. 1. There is created an administrative trust fund to be
administered by the commission in accordance with this article. All
money received by the commission shall be deposited into the fund.
All money in the fund is continually appropriated to the commission
for the purposes specified in this article. As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-2 Investment of funds
Sec. 2. Money in the administrative trust fund that the commission
anticipates will be available for the payment of prizes on a deferred
basis may be invested by the treasurer of state in annuities sold by an
insurance company licensed to do business in Indiana and with an
A.M. Best rating of A+, or a comparable rating by a comparable
rating agency, or in direct United States treasury obligations. These
instruments may have varying maturities with respect to payment of
prizes and may be in book-entry form. If an annuity is purchased to
cover the payment of a prize, the commission shall administer the
annuity, may assign the annuity to the prize winner, and shall provide
the treasurer of state with documentation of the commission's
purchase and assignment. If an annuity is assigned to a prize winner,
the state and the commission, including the commission's officers
and employees, are relieved of any liability to the prize winner. As added by P.L.341-1989(ss), SEC.1. Amended by P.L.32-1990,
SEC.9.
IC 4-30-15-3 Action by treasurer of state
Sec. 3. An action required by this article to be taken by the
treasurer of state shall be taken within two (2) business days after the
commission requests the action. If the request for action is not
approved or rejected within the two (2) day period, the request is
considered approved. The commission shall reimburse the treasurer
of state for any additional costs involved in providing the level of
service required by this section. As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-4 Cooperation with treasurer of state and auditor of state; access to
facilities
Sec. 4. The commission shall cooperate with the treasurer of state
and the auditor of state by giving employees designated by the
treasurer and auditor access to facilities of the commission for the
purpose of efficient compliance with the treasurer's and auditor's
respective responsibilities.
As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-5 Reimbursement of state agency
Sec. 5. With respect to any reimbursement that the commission is
required to pay to a state agency, the commission may enter into an
agreement with the state agency under which the commission pays
to the state agency an amount reasonably anticipated to cover
reimbursable expenses in advance of these expenses being incurred. As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-1 Creation
Sec. 1. There is created an administrative trust fund to be
administered by the commission in accordance with this article. All
money received by the commission shall be deposited into the fund.
All money in the fund is continually appropriated to the commission
for the purposes specified in this article. As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-2 Investment of funds
Sec. 2. Money in the administrative trust fund that the commission
anticipates will be available for the payment of prizes on a deferred
basis may be invested by the treasurer of state in annuities sold by an
insurance company licensed to do business in Indiana and with an
A.M. Best rating of A+, or a comparable rating by a comparable
rating agency, or in direct United States treasury obligations. These
instruments may have varying maturities with respect to payment of
prizes and may be in book-entry form. If an annuity is purchased to
cover the payment of a prize, the commission shall administer the
annuity, may assign the annuity to the prize winner, and shall provide
the treasurer of state with documentation of the commission's
purchase and assignment. If an annuity is assigned to a prize winner,
the state and the commission, including the commission's officers
and employees, are relieved of any liability to the prize winner. As added by P.L.341-1989(ss), SEC.1. Amended by P.L.32-1990,
SEC.9.
IC 4-30-15-3 Action by treasurer of state
Sec. 3. An action required by this article to be taken by the
treasurer of state shall be taken within two (2) business days after the
commission requests the action. If the request for action is not
approved or rejected within the two (2) day period, the request is
considered approved. The commission shall reimburse the treasurer
of state for any additional costs involved in providing the level of
service required by this section. As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-4 Cooperation with treasurer of state and auditor of state; access to
facilities
Sec. 4. The commission shall cooperate with the treasurer of state
and the auditor of state by giving employees designated by the
treasurer and auditor access to facilities of the commission for the
purpose of efficient compliance with the treasurer's and auditor's
respective responsibilities.
As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-5 Reimbursement of state agency
Sec. 5. With respect to any reimbursement that the commission is
required to pay to a state agency, the commission may enter into an
agreement with the state agency under which the commission pays
to the state agency an amount reasonably anticipated to cover
reimbursable expenses in advance of these expenses being incurred. As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-1 Creation
Sec. 1. There is created an administrative trust fund to be
administered by the commission in accordance with this article. All
money received by the commission shall be deposited into the fund.
All money in the fund is continually appropriated to the commission
for the purposes specified in this article. As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-2 Investment of funds
Sec. 2. Money in the administrative trust fund that the commission
anticipates will be available for the payment of prizes on a deferred
basis may be invested by the treasurer of state in annuities sold by an
insurance company licensed to do business in Indiana and with an
A.M. Best rating of A+, or a comparable rating by a comparable
rating agency, or in direct United States treasury obligations. These
instruments may have varying maturities with respect to payment of
prizes and may be in book-entry form. If an annuity is purchased to
cover the payment of a prize, the commission shall administer the
annuity, may assign the annuity to the prize winner, and shall provide
the treasurer of state with documentation of the commission's
purchase and assignment. If an annuity is assigned to a prize winner,
the state and the commission, including the commission's officers
and employees, are relieved of any liability to the prize winner. As added by P.L.341-1989(ss), SEC.1. Amended by P.L.32-1990,
SEC.9.
IC 4-30-15-3 Action by treasurer of state
Sec. 3. An action required by this article to be taken by the
treasurer of state shall be taken within two (2) business days after the
commission requests the action. If the request for action is not
approved or rejected within the two (2) day period, the request is
considered approved. The commission shall reimburse the treasurer
of state for any additional costs involved in providing the level of
service required by this section. As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-4 Cooperation with treasurer of state and auditor of state; access to
facilities
Sec. 4. The commission shall cooperate with the treasurer of state
and the auditor of state by giving employees designated by the
treasurer and auditor access to facilities of the commission for the
purpose of efficient compliance with the treasurer's and auditor's
respective responsibilities.
As added by P.L.341-1989(ss), SEC.1.
IC 4-30-15-5 Reimbursement of state agency
Sec. 5. With respect to any reimbursement that the commission is
required to pay to a state agency, the commission may enter into an
agreement with the state agency under which the commission pays
to the state agency an amount reasonably anticipated to cover
reimbursable expenses in advance of these expenses being incurred. As added by P.L.341-1989(ss), SEC.1.
