The state’s largest teachers’ union laid out their legislative priorities Wednesday.
The state argued the Indiana State Teachers Association used funds from medical plans on risky investments and to pay off long-term disability claims.
School districts in Indiana could receive reimbursements from the Indiana State Teachers Association from a lawsuit filed against the association by the state.
A lawsuit filed in 2009 claims the Indiana State Teachers Association defrauded school employees out of $27 million.
The Securities Division believes ISTA unlawfully took money from its members‘ schools when it offered securities in the form of a health plan.