§ 20-20-43-3 — Fund established; administration of fund

Indiana § 20-20-43-3

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 20: PROGRAMS ADMINISTERED BY THE STATE
• Ch. 43: System for Teacher and Student Advancement Grant

Text

(a) The system for teacher and student
advancement grant fund is established for the purpose of providing
grants to school corporations and charter schools to implement
programs described in section 4 of this chapter.
(b) The fund consists of the following:
(1) Appropriations made by the general assembly.
(2) Gifts, grants, devises, or bequests made to the commission for
higher education to achieve the purposes of the fund.
(c) The state board, in consultation with the department, shall
administer the fund.
(d) The expenses of administering the fund shall be paid from
money in the fund.
(e) 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 funds may be invested. Interest that accrues
from these investments shall be deposited in the fund.
(f) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.

Legislative History

As added by P.L.106-2016, SEC.2. Amended by P.L.73-2019, SEC.3.