Sec. 44. (a) If the fund would be reduced below two hundred fifty thousand dollars ($250,000) by payment in full of all awards that become final in a month, the division shall suspend payment of the claims that become final during the month and the following two (2) months.

     (b) At the end of the suspension period the division shall pay the suspended claims. If the fund would be exhausted by payment in full of the suspended claims, the amount paid to each claimant shall be prorated.

As added by P.L.47-1993, SEC.2.

Terms Used In Indiana Code 5-2-6.1-44

  • claimant: means any of the following individuals filing an application for assistance under this chapter:

    Indiana Code 5-2-6.1-1

  • division: refers to the victim services division of the Indiana criminal justice institute. See Indiana Code 5-2-6.1-2
  • fund: refers to the violent crime victims compensation fund established by section 40 of this chapter. See Indiana Code 5-2-6.1-3
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
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