Ind. Code ch. 31-26-4.5

Ind. Code ch. 31-26-4.5
in effect

Ind. Code § 31-26-4.5-1 Establishment

Sec. 1. (a) The insuring foster youth trust program is established under this chapter to recognize that: (1) foster youth have limited access to resources as they begin to age out of the system; (2) foster youth require additional resources as they begin to age out of the system to ensure a successful transition to adulthood; (3) ensuring that foster youth can afford automobile insurance is paramount to the successful transition of a foster youth to adulthood; and (4) providing funding to help defray the cost of automobile insurance will drastically increase the chances of a successful transition of a foster youth to adulthood. (b) Subject to available funding, the insuring foster youth trust program shall provide funding to help defray the cost of the following: (1) Automobile insurance coverage for foster youth. (2) Not more than forty-four (44) of the fifty (50) hours of supervised driving practice for foster youth pursuant to IC 9-24-3-2.5. As added by P.L.59-2022, SEC.2.

Ind. Code § 31-26-4.5-3 "Fund"

Sec. 3. As used in this chapter, "fund" refers to the insuring foster youth trust fund established by section 4 of this chapter. As added by P.L.59-2022, SEC.2.

Ind. Code § 31-26-4.5-4 Fund establishment; money in the fund; administration; investments; appropriation

Sec. 4. (a) The insuring foster youth trust fund is established to carry out the purposes of this chapter. (b) The fund consists of the following: (1) Appropriations made by the general assembly. (2) Interest as provided in subsection (f). (3) Fees collected from an insuring foster youth trust license plate, if one is issued under IC 9-18.5. (4) Money received pursuant to subsection (c). (5) Money donated to the fund, including donations from a nonprofit subsidiary corporation established under section 9 of this chapter. (6) Money transferred to the fund from other funds. (c) The department may apply for all federal funds that are available for which the state is eligible to carry out the purposes of this chapter. (d) The department shall administer the fund. (e) The expenses of administering the fund and this chapter shall be paid from the fund. The fund's administrative expenses may not exceed ten percent (10%) of the amounts deposited into the fund. (f) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public trust funds are invested. Interest that accrues from these investments shall be deposited in the fund. (g) Money in the fund is continuously appropriated for the purposes of the fund. (h) Money in the fund at the end of a state fiscal year does not revert to the state general fund. As added by P.L.59-2022, SEC.2. Amended by P.L.97-2023, SEC.10.

Ind. Code § 31-26-4.5-5 Use of the fund

Sec. 5. (a) Money in the fund may be used to provide payments to foster youth for the purposes set forth in section 1(b) of this chapter. (b) Money in the fund may not be granted to a state or local unit of government. As added by P.L.59-2022, SEC.2.

Ind. Code § 31-26-4.5-6 Financial liability

Sec. 6. A foster youth is responsible for paying all costs of a policy of automobile insurance. A state or local government agency, foster parent, or entity providing services to a foster youth under a contract or at the direction of a state or local government agency shall not be required to pay any costs associated with a policy of automobile insurance or supervised driving hours and shall not be liable for any damages that result from the foster youth's operation of an automobile owned and insured by the foster youth. As added by P.L.59-2022, SEC.2.

Ind. Code § 31-26-4.5-7 Reporting

Sec. 7. Before October 1 of each year, the department shall prepare a report to the general assembly in an electronic format under IC 5-14-6 regarding the funds received and payments made by the fund. As added by P.L.59-2022, SEC.2.

Ind. Code § 31-26-4.5-8 Rules

Sec. 8. The department may adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.59-2022, SEC.2.

Ind. Code § 31-26-4.5-9 Establishment; nonprofit subsidiary corporation

Sec. 9. The department may establish a nonprofit subsidiary corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code to solicit and accept private funding, gifts, donations, bequests, devises, and contributions. As added by P.L.59-2022, SEC.2.

Ind. Code § 31-26-4.5-10 Implementation; application for funding

Sec. 10. The department or the department's designee may: (1) develop evaluation criteria, payment calculation standards, and other policies related to the implementation of this chapter; and (2) adopt and make available to foster youth a method for applying for funding under this chapter. As added by P.L.59-2022, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/31Fetched: 10/17/2026

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