Section 36-8-8-14.2 - Public safety officers survivors' health coverage cumulative fund(a) This section applies to every unit that is an employer of one (1) or more individuals who are active members of the 1977 fund.(b) As used in this section, "survivor" means:(1) a surviving spouse of a deceased member of the 1977 fund; or(2) a surviving natural child, stepchild, or adopted child of a deceased member of the 1977 fund; who is entitled to health insurance coverage under section 14.1(h) of this chapter.
(c) If a unit is obligated under section 14.1(h) of this chapter to pay for health insurance coverage for one (1) or more survivors of a deceased member of the 1977 fund who died in the line of duty, the legislative body of the unit may establish a public safety officer survivors' health coverage cumulative fund under this section to pay for health coverage under section 14.1(h) of this chapter.(d) The fiscal body of a unit may provide money for a public safety officer survivors' health coverage cumulative fund established under subsection (c) by levying a tax in compliance with IC 6-1.1-41 on the taxable property in the unit.(e) The property tax rate that may be imposed under this section for property taxes first due and payable during a particular year may not exceed the rate necessary to pay the annual cost of the health coverage that the unit is obligated to pay under section 14.1(h) of this chapter. The unit shall provide any documentation requested by the department of local government finance that is necessary to certify the rate adopted by the unit. The unit's maximum permissible ad valorem property tax levy determined under IC 6-1.1-18.5-3 excludes the property tax levied under this section. The property tax rate imposed under this section is exempt from the adjustment under IC 6-1.1-18-12.(f) The tax money collected under this section shall be held in a special fund to be known as the public safety officer survivors' health coverage cumulative fund.(g) In a consolidated city, money may be transferred from the public safety officer survivors' health coverage cumulative fund to the fund of a department of the consolidated city responsible for carrying out a purpose for which the public safety officer survivors' health coverage cumulative fund was created. The department may not expend any money transferred under this subsection until an appropriation is made, and the department may not expend any money transferred under this subsection for operating costs of the department.Amended by P.L. 174-2022,SEC. 76, eff. 7/1/2022.Added by P.L. 159-2020,SEC. 83, eff. 7/1/2020.