Indiana § 4-6-3-2.4 - Settlement agreements; use of settlement funds
Full text of Indiana Indiana Code § 4-6-3-2.4 — Settlement agreements; use of settlement funds, with citation guidance and answers to common questions.
§ 4-6-3-2.4. Settlement agreements; use of settlement funds
Sec. 2.4. (a) Except as provided in subsection (b) or (c), the attorney general may not agree to a settlement agreement on behalf of the state of Indiana or a state agency unless the settlement agreement includes language specifying that all settlement funds may be used for any purpose allowable under Indiana law.
(b) The attorney general may agree to a settlement requiring settlement funds to be used for the specific purpose set forth in the settlement agreement if:
(1) a federal statute;
(2) a federal regulation; or
(3) a court having jurisdiction;
requires that settlement funds be used for the specific purpose set forth in the settlement agreement.
(c) The attorney general may agree to a settlement requiring settlement funds to be used for the specific purpose set forth in the settlement agreement if the governor, after consultation with the attorney general, has approved the proposed settlement in writing.
(d) If the specific purpose requirement described in subsection (b) only applies to a portion of the settlement funds, the attorney general may agree to the settlement only if the settlement agreement specifies that the remaining settlement funds may be used for any purpose allowable under Indiana law.
(e) Not later than thirty (30) days after the court approves a settlement requiring some or all settlement funds to be used for the specific purpose set forth in the settlement agreement, the attorney general shall provide the legislative council with a:
(1) copy of the settlement agreement; and
(2) concise outline of the settlement agreement.
The settlement agreement and outline must be provided in an electronic format under IC 5-14-6.
As added by P.L.108-2019, SEC.54.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-6-3-2.4
What does Indiana Code § 4-6-3-2.4 cover?
Section 4-6-3-2.4 ("Settlement agreements; use of settlement funds") 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 § 4-6-3-2.4?
A common citation format is "Indiana Code § 4-6-3-2.4" (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 § 4-6-3-2.4 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.