Ind. Code § 5-10.3-11-3

Current through P.L. 171-2024

Section 5-10.3-11-3 - Payments to units of local government; restriction

The pension relief fund may be used only for making payments to cities, counties, towns, and townships, referred to as "units of local government" in this chapter, having pension funds established under IC 18-1-12, IC 19-1-18, IC 19-1-24, IC 19-1-25-4, IC 19-1-30, IC 19-1-37, or IC 19-1-44 (all before their repeal), and paying reasonable administrative expenses approved by the state board. Payments received by the units may be used only for:

(1) pension payments from a pension fund listed in this section; or

(2) withdrawals under section 6 of this chapter.

IC 5-10.3-11-3

Pre-Local Government Recodification Citation: 19-1-37.3-3.

Amended by P.L. 27-2019,SEC. 5, eff. 7/1/2019.

As added by Acts1980 , P.L. 8, SEC.45. Amended by P.L. 182-2009 (ss), SEC.74.