§ 20-51.4-4-3.5 — Indiana education scholarship account administration fund; uses; administration of the program

Indiana § 20-51.4-4-3.5

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 51.4: INDIANA EDUCATION SCHOLARSHIP
• Ch. 4: ESA Program Fund and Accounts

Text

Note: This version of section amended by P.L.201-2023, SEC.222,
effective until 7-1-2026. See also following version of this section
amended by P.L.202-2023, SEC.52, effective until 7-1-2026, and
following version of this section amended by P.L.213-2025, SEC.214,
effective 7-1-2026.
Sec. 3.5. (a) The Indiana education scholarship
account administration fund is established for the purpose of accepting
money for the Indiana education scholarship account program to
support administration of the program.
(b) The treasurer of state 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).
(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) 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.132-2022, SEC.7. Amended by P.L.201-2023, SEC.222.