Indiana § 20-43-2-7.5 Transfer from the state tuition reserve account to the state general fund;
distributions for choice scholarships; limit on transfer

Indiana Statutes

§ 20-43-2-7.5 — Transfer from the state tuition reserve account to the state general fund; distributions for choice scholarships; limit on transfer

Indiana § 20-43-2-7.5

Title 20EDUCATION

Art. 43STATE TUITION SUPPORT

Ch. 2Maximum State Distribution

This text of Indiana § 20-43-2-7.5 (Transfer from the state tuition reserve account to the state general fund; distributions for choice scholarships; limit on transfer) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 20-43-2-7.5 (2026).

Text

5.

(a)Before July 1 of each year, the budget agency, with the assistance of the department, shall estimate the amount of the distributions that will be made for choice scholarships for the following state fiscal year.

(b)In a state fiscal year beginning after June 30, 2016, the budget agency may transfer money from the state tuition reserve account to the state general fund if the budget director, after review by the budget committee, makes a determination that the amount of the distribution for that state fiscal year for basic tuition support has been reduced under section 3 of this chapter because the amount of the distributions for choice scholarships for the state fiscal year exceeds the latest estimate prepared by the legislative services agency and provided to members of the genera

Free access — add to your briefcase to read the full text and ask questions with AI

5. (a) Before July 1 of each year, the budget
agency, with the assistance of the department, shall estimate the
amount of the distributions that will be made for choice scholarships
for the following state fiscal year.
(b) In a state fiscal year beginning after June 30, 2016, the budget
agency may transfer money from the state tuition reserve account to the
state general fund if the budget director, after review by the budget
committee, makes a determination that the amount of the distribution
for that state fiscal year for basic tuition support has been reduced
under section 3 of this chapter because the amount of the distributions
for choice scholarships for the state fiscal year exceeds the latest
estimate prepared by the legislative services agency and provided to
members of the general assembly before May 1 of the most recent
odd-numbered year concerning the amount of the distributions for
choice scholarships for the state fiscal year beginning July 1 of the
particular state fiscal year. The maximum amount that may be
transferred to the state general fund under this subsection for the state
fiscal year may not exceed the lesser of:
(1) the amount of the reduction in basic tuition support
distributions described in this subsection; or
(2) twenty-five million dollars ($25,000,000).
Any amounts transferred under this subsection shall be used to
augment the appropriation for state tuition support for the state fiscal
year and shall be distributed to school corporations to restore the
distributions for basic tuition support that are reduced under section 3
of this chapter.
(c) Transfers under this section are in addition to any transfers made
from the state tuition reserve account under IC 4-12-1-15.7 or any other
law.