§ 20-20-48-7 — Teacher higher education and industry collaboration grant program fund

Indiana § 20-20-48-7

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 20: PROGRAMS ADMINISTERED BY THE STATE
• Ch. 48: Teacher Higher Education and Industry Collaboration

Text

(a) The teacher higher education and industry
collaboration grant program fund is established for the purposes of
implementing the program described in section 6 of this chapter.
(b) The fund consists of the following:
(1) Appropriations by the general assembly.
(2) Interest deposited in the fund under subsection (e).
(c) 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 reverts to the
state general fund.

Legislative History

As added by P.L.202-2023, SEC.17.