Indiana § 13-23-8-8 - Limits on payments from the ELTF
Full text of Indiana Indiana Code § 13-23-8-8 — Limits on payments from the ELTF, with citation guidance and answers to common questions.
§ 13-23-8-8. Limits on payments from the ELTF
Sec. 8. (a) The administrator of the ELTF:
(1) shall not pay more than two million five hundred thousand dollars ($2,500,000) from the ELTF per eligible release; and
(2) shall not pay any eligible party more than ten million dollars ($10,000,000) from the ELTF per fiscal year.
(b) After an eligible party has submitted multiple ELTF claims for a total of at least ten million dollars ($10,000,000) in a fiscal year, the eligible party is ineligible to submit any other ELTF claim during that fiscal year.
(c) If the right to receive money from the fund under this chapter is assigned as described in section 4(b) of this chapter, payments made to one (1) or more assignees shall be considered payments to the assignor for purposes of the limits established in subsection (a).
[Pre-1996 Recodification Citation: 13-7-20-33(h).]
As added by P.L.1-1996, SEC.13. Amended by P.L.9-1996, SEC.15; P.L.14-2001, SEC.13; P.L.96-2016, SEC.30.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 13-23-8-8
What does Indiana Code § 13-23-8-8 cover?
Section 13-23-8-8 ("Limits on payments from the ELTF") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 13-23-8-8?
A common citation format is "Indiana Code § 13-23-8-8" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 13-23-8-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.