Money in the fund shall be used solely for the purposes of investigating and taking enforcement action against violators of:(1) IC 25-1-9 concerning an individual licensed under IC 25-13 or this article;(2) IC 25-13; and(3) this article.The fund shall be administered by the Indiana professional licensing agency.(b) The fund consists of fines and civil penalties collected through investigations of violations of:(1) IC 25-1-9 concerning an individual licensed under IC 25-13 or this article;(2) IC 25-13; and(3) this article;conducted by the board or the attorney general.(c) 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 money may be invested.(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund.(e) The attorney general and the Indiana professional licensing agency shall enter into a memorandum of understanding to provide the attorney general with funds to conduct investigations and pursue enforcement torney general and the Indiana professional licensing agency shall enter into a memorandum of understanding to provide the attorney general with funds to conduct investigations and pursue enforcement action against violators of:(1) IC 25-1-9 if the individual is licensed under IC 25-13 or this article;(2) IC 25-13; and(3) this article.(f) The attorney general and the Indiana professional licensing agency shall present any memorandum of understanding under subsection (e) annually to the board for review.As added by P.L.103-2011, SEC.15. Amended by P.L.264-2013, SEC.7; P.L.62-2023, SEC.2.
Indiana Legal Code