1. (a) The special death benefit fund is established for the purpose of paying lump sum death benefits under section 6 of this chapter. The fund consists of the fees remitted to the board under IC 35-33-8-3.2 and section 4.5 of this chapter. The fund shall be administered by the board. The expenses of administering the fund shall be paid from money in the fund.
2. (b) The board shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as the board's other funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
3. (c) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
4. (d) The special death benefit fund established by IC 5-10-9.8-2 is the successor of the fund established under this section. On July 1, 2017, the board shall transfer money in the fund established under this section to the special death benefit fund established by IC 5-10-9.8-2 . As of July 1, 2017, pending claims against the fund under this section become pending claims against the special death benefit fund established by IC 5-10-9.8-2 . The board shall maintain the records of the fund established under this section as if the records were created for the purposes of the special death benefit fund established by IC 5-10-9.8-2 .
5. (e) This section expires August 1, 2017.

As added by P.L.44-1988, SEC.1. Amended by P.L.1-1990, SEC.58; P.L.107-1998, SEC.1; P.L.10-2005, SEC.3; P.L.1-2006, SEC.97; P.L.40-2017, SEC.3.