§ 20-32-8.7-12 — Establishment of fund

Indiana § 20-32-8.7-12

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 32: STUDENT STANDARDS, ASSESSMENTS, AND
• Ch. 8.7: Student Learning Recovery Grant Program and Fund

Text

(a) The student learning recovery grant
program fund is established for the purpose of providing grants to
eligible entities under the program.
(b) The department shall administer the fund.
(c) The fund consists of the following:
(1) Appropriations by the general assembly.
(2) Interest deposited in the fund under subsection (d).
(3) Donations, gifts, and money received from any other source,
including transfers from other funds or accounts.
(d) The treasurer of state shall invest money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public money may be invested. Interest that accrues
from these investments shall be deposited in the fund.
(e) All money accruing to the fund is appropriated continuously for
the purposes of 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.167-2021, SEC.1.