5.
(a)This section applies to a student who:
(1)has legal settlement in Indiana;
(2)is at least five (5) years of age and less than twenty-two (22)
years of age on the date in the school year specified in IC 20-33-2-7;
(3)is enrolled in grade 10, 11, or 12 in Indiana; and
(4)meets one (1) of the following requirements:
(A)The student:
(i)successfully completed a modern youth apprenticeship or
course sequence designated and approved under IC 20-51.4-4.5-6(a); and
(ii)received an industry recognized credential with regard to
the apprenticeship or course sequence.
(B)The student successfully completed any other credential
approved under subsection (h).
(b)As used in this section, "CSA participating entity" has the
meaning set forth in IC 20-51.4-2-3.2.
(c)Subject to subsection (l),
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5. (a) This section applies to a student who:
(1) has legal settlement in Indiana;
(2) is at least five (5) years of age and less than twenty-two (22)
years of age on the date in the school year specified in IC 20-33-2-7;
(3) is enrolled in grade 10, 11, or 12 in Indiana; and
(4) meets one (1) of the following requirements:
(A) The student:
(i) successfully completed a modern youth apprenticeship or
course sequence designated and approved under IC 20-51.4-4.5-6(a); and
(ii) received an industry recognized credential with regard to
the apprenticeship or course sequence.
(B) The student successfully completed any other credential
approved under subsection (h).
(b) As used in this section, "CSA participating entity" has the
meaning set forth in IC 20-51.4-2-3.2.
(c) Subject to subsection (l), upon a student described in subsection
(a) meeting the requirements under subsection (a)(4)(A) or (a)(4)(B),
if the student is enrolled in an accredited or nonaccredited school that
has one (1) or more employees, the department shall award a credential
completion grant in an amount equal to:
(1) for the state fiscal year beginning July 1, 2025, and ending
June 30, 2026, four hundred ninety-seven dollars ($497); and
(2) for the state fiscal year beginning July 1, 2026, and ending
June 30, 2027, four hundred ninety-nine dollars ($499);
to the accredited or nonaccredited school.
(d) Subject to subsection (l), upon a student described in subsection
(a) meeting the requirements under subsection (a)(4)(A) or (a)(4)(B),
and in addition to the grant amount awarded under subsection (c), the
department shall award a credential completion grant in an amount
equal to:
(1) for the state fiscal year beginning July 1, 2025, and ending
June 30, 2026, four hundred ninety-seven dollars ($497); and
(2) for the state fiscal year beginning July 1, 2026, and ending
June 30, 2027, four hundred ninety-nine dollars ($499);
to the CSA participating entity that provided the apprenticeship or
course sequence described in subsection (a)(4)(A) or (a)(4)(B) that the
student completed.
(e) A CSA participating entity that receives a grant amount under
subsection (d) may enter into an agreement with one (1) or more
intermediaries (as defined in IC 21-18-1-3.5) or other CSA
participating entities to share a grant amount received under subsection
(d).
(f) An accredited or nonaccredited school that is also a CSA
participating entity may receive, if eligible, a grant award under:
(1) subsection (c);
(2) subsection (d); or
(3) both subsections (c) and (d).
(g) The department shall distribute the grants awarded under this
section.
(h) The department, in consultation with the governor's workforce
cabinet (before its repeal) or, following the repeal of the governor's
workforce cabinet, the commission for higher education, shall approve
and maintain a list of credentials that are eligible for a credential
completion grant under subsection (a)(4)(B).
(i) The department shall approve a CSA provider that is also an
employer who has partnered with an approved intermediary to offer an
apprenticeship, modern youth apprenticeship, or program of study that
culminates in an approved credential. The department may revoke an
initial approval under this subsection if the provider fails to achieve an
adequate outcome as determined by the department.
(j) A grant awarded under this section to an eligible school (as
defined in IC 20-51-1-4.7) does not count toward a student's choice
scholarship amount calculated under IC 20-51-4-5 and is not subject to
the maximum choice scholarship cap under IC 20-51-4-4.
(k) The state board may adopt rules under IC 4-22-2 to implement
this section.
(l) The total amount of grants that may be awarded in a state fiscal
year under this section may not exceed five million dollars
($5,000,000).
(m) If the total amount to be distributed as credential completion
grants for a particular state fiscal year exceeds the maximum amount
allowed under subsection (l) for a state fiscal year, the total amount to
be distributed as credential completion grants shall be proportionately
reduced so that the total reduction equals the amount of the excess.
(n) The amount of the reduction described in subsection (m) for a
particular recipient is equal to the total amount of the excess multiplied
by a fraction. The numerator of the fraction is the amount of the
credential completion grant that the recipient would have received if a
reduction were not made under this section. The denominator of the
fraction is the total amount that would be distributed as credential
completion grants to all recipients if a reduction were not made under
this section.