Indiana § 28-11-2-3 - Employees; salaries and benefits; contractors to assist with examinations; contracts not subject to approval
Full text of Indiana Indiana Code § 28-11-2-3 — Employees; salaries and benefits; contractors to assist with examinations; contracts not subject to approval, with citation guidance and answers to common questions.
§ 28-11-2-3. Employees; salaries and benefits; contractors to assist with examinations; contracts not subject to approval
Sec. 3. (a) The director, on behalf of the department, shall employ qualified individuals as assistants, deputies, supervisors, and other necessary employees. Individuals employed by the director are not subject to job classifications or compensation schedules established under IC 4-15. The technical or professional qualification of an applicant shall be determined by examination, by professional rating, or as the director determines. Salaries and benefits for employees of the department shall be:
(1) established by the members, upon recommendation of the director; and
(2) paid from the financial institutions fund established by section 9 of this chapter.
In making a recommendation under subdivision (1), the director may recommend salaries and benefits substantially equivalent to those paid by the Federal Deposit Insurance Corporation or other federal agencies that supervise financial institutions.
(b) The director may enter into contracts, including contracts for the services of a qualified independent contractor to assist the department in the examination process under this article. Notwithstanding IC 4-13-2-14.1, contracts executed under this section are not subject to the approval of:
(1) the director of the budget agency; or
(2) the commissioner of the Indiana department of administration.
As added by P.L.33-1991, SEC.56. Amended by P.L.141-2005, SEC.20; P.L.213-2007, SEC.96; P.L.217-2007, SEC.94.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-11-2-3
What does Indiana Code § 28-11-2-3 cover?
Section 28-11-2-3 ("Employees; salaries and benefits; contractors to assist with examinations; contracts not subject to approval") 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 § 28-11-2-3?
A common citation format is "Indiana Code § 28-11-2-3" (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 § 28-11-2-3 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.