33-44-7-3. Deposit of Interest Remitted
Sec. 3. The board shall deposit the interest remitted under IC 33-44-6-4 into the fund. [Pre-2004 Recodification Citation: 33-20-7-3.] As added by P.L.98-2004, SEC.23.
33-44-7-4. Public Fund
Sec. 4. The money in the fund consists of public funds. [Pre-2004 Recodification Citation: 33-20-7-4.] As added by P.L.98-2004, SEC.23.
33-44-7-5. Investment of Funds
Sec. 5. 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 funds may be invested. Interest that accrues from these investments shall be deposited in the fund. [Pre-2004 Recodification Citation: 33-20-7-5.] As added by P.L.98-2004, SEC.23.
33-44-7-6. Nonreversion of Money in Fund
Sec. 6. Money in the fund at the end of a state fiscal year does not revert to the state general fund. [Pre-2004 Recodification Citation: 33-20-7-6.] As added by P.L.98-2004, SEC.23.
33-44-7-7. Income Received by Board From Remittance of Interest Not Taxable to Attorney or Client
Sec. 7. For purposes of Indiana law, income received by the board from the remittance of interest is not taxable to: (1) the attorney maintaining the interest bearing attorney trust account; or (2) the client whose funds are deposited in the interest bearing attorney trust account. [Pre-2004 Recodification Citation: 33-20-7-7.] As added by P.L.98-2004, SEC.23.