31-26-4.5-8. Rules
Sec. 8. The department may adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.59-2022, SEC.2.
31-26-4.5-9. Establishment; Nonprofit Subsidiary Corporation
Sec. 9. The department may establish a nonprofit subsidiary corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code to solicit and accept private funding, gifts, donations, bequests, devises, and contributions. As added by P.L.59-2022, SEC.2.
31-26-4.5-10. Implementation; Application for Funding
Sec. 10. The department or the department’s designee may: (1) develop evaluation criteria, payment calculation standards, and other policies related to the implementation of this chapter; and (2) adopt and make available to foster youth a method for applying for funding under this chapter. As added by P.L.59-2022, SEC.2.
31-26-4.5-7. Reporting
Sec. 7. Before October 1 of each year, the department shall prepare a report to the general assembly in an electronic format under IC 5-14-6 regarding the funds received and payments made by the fund. As added by P.L.59-2022, SEC.2.
31-26-4.5-1. Establishment
Sec. 1. (a) The insuring foster youth trust program is established under this chapter to recognize that: (1) foster youth have limited access to resources as they begin to age out of the system; (2) foster youth require additional resources as they begin to age out of the system to ensure a successful transition to […]
31-26-4.5-2. “Foster Youth”
Sec. 2. As used in this chapter, “foster youth” refers to an individual: (1) at least sixteen (16) years of age; (2) not more than twenty-three (23) years of age; and (3) who is: (A) adjudicated a child in need of services under IC 31-34-1; (B) an older youth in a collaborative care program under […]
31-26-4.5-3. “Fund”
Sec. 3. As used in this chapter, “fund” refers to the insuring foster youth trust fund established by section 4 of this chapter. As added by P.L.59-2022, SEC.2.
31-26-4.5-4. Fund Establishment; Money in the Fund; Administration; Investments; Appropriation
Sec. 4. (a) The insuring foster youth trust fund is established to carry out the purposes of this chapter. (b) The fund consists of the following: (1) Appropriations made by the general assembly. (2) Interest as provided in subsection (f). (3) Fees collected from an insuring foster youth trust license plate, if one is issued […]
31-26-4.5-5. Use of the Fund
Sec. 5. (a) Money in the fund may be used to provide payments to foster youth for the purposes set forth in section 1(b) of this chapter. (b) Money in the fund may not be granted to a state or local unit of government. As added by P.L.59-2022, SEC.2.
31-26-4.5-6. Financial Liability
Sec. 6. A foster youth is responsible for paying all costs of a policy of automobile insurance. A state or local government agency, foster parent, or entity providing services to a foster youth under a contract or at the direction of a state or local government agency shall not be required to pay any costs […]