Section 13-23-8-8 - Limits on payments from the ELTF(a) The administrator of the ELTF:(1) shall not pay more than two million five hundred thousand dollars ($2,500,000) from the ELTF per eligible release; and(2) shall not pay any eligible party more than ten million dollars ($10,000,000) from the ELTF per fiscal year.(b) After an eligible party has submitted multiple ELTF claims for a total of at least ten million dollars ($10,000,000) in a fiscal year, the eligible party is ineligible to submit any other ELTF claim during that fiscal year.(c) If the right to receive money from the fund under this chapter is assigned as described in section 4(b) of this chapter, payments made to one (1) or more assignees shall be considered payments to the assignor for purposes of the limits established in subsection (a).Pre-1996 Recodification Citation: 13-7-20-33(h).
Amended by P.L. 96-2016, SEC. 30, eff. 7/1/2016.As added by P.L. 1-1996, SEC.13. Amended by P.L. 9-1996, SEC.15; P.L. 14-2001, SEC.13.