1. (a) The administrator shall pay ELTF claims that are:

   1. (1) for costs related to eligible releases;
   2. (2) submitted by eligible parties; and
   3. (3) submitted in accordance with IC 13-23-8 and IC 13-23-9 .
2. (b) The administrator, if appropriate, may allow an eligible party to assign the eligible party's right to receive payment of an ELTF claim to another person.

3. (c) Not more than forty-five (45) business days after an ELTF claim is submitted, the administrator shall do one (1) of the following:

   1. (1) Approve the ELTF claim and, under IC 13-23-9-2 (c), forward the ELTF claim to the state comptroller for payment.

   2. (2) Send to the claimant a written notice that:

      1. (A) states that a correction, a clarification, or additional information is needed before the ELTF claim can be approved; and

      2. (B) provides a clear explanation:

         1. (i) of the correction, clarification, or additional information that is needed; and
         2. (ii) of why it is needed.

   3. (3) Deny the claim and provide the claimant with a statement of the reasons for the denial under IC 13-23-9-2 (b).

      [Pre-1996 Recodification Citation: 13-7-20-33(d).]

As added by P.L.1-1996, SEC.13. Amended by P.L.67-1996, SEC.7; P.L.9-1996, SEC.14; P.L.2-1997, SEC.48; P.L.131-1997, SEC.3; P.L.2-1998, SEC.54; P.L.14-2001, SEC.9; P.L.19-2012, SEC.2; P.L.13-2013, SEC.48; P.L.244-2013, SEC.2; P.L.96-2016, SEC.25; P.L.250-2019, SEC.34; P.L.9-2024, SEC.344; P.L.135-2026, SEC.242.