Indiana § 20-51.4-4-5 Proration of grant amount

Indiana Statutes

§ 20-51.4-4-5 — Proration of grant amount

Indiana § 20-51.4-4-5

Title 20EDUCATION

Art. 51.4INDIANA EDUCATION SCHOLARSHIP

Ch. 4ESA Program Fund and Accounts

This text of Indiana § 20-51.4-4-5 (Proration of grant amount) 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 § 20-51.4-4-5 (2026).

Text

Note: This version of section effective until 7-1-2026. See also following version of this section, effective 7-1-2026. Sec.

5.If an eligible student's agreement under section 1 of this chapter is in effect for less than an entire school year, the ESA annual grant amount provided under section 2 of this chapter for that school year shall be reduced on a prorated basis in a manner prescribed by the treasurer of state to reflect the length of the agreement. In the event an eligible student's ESA account is terminated because the eligible student enrolls in a school that receives tuition support under IC 20-43, the balance in the ESA account at the time the ESA account is terminated shall be transferred to the school corporation or charter school in which the eligible student enrolls. In the

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Note: This version of section effective until 7-1-2026. See also
following version of this section, effective 7-1-2026.
Sec. 5. If an eligible student's agreement under
section 1 of this chapter is in effect for less than an entire school year,
the ESA annual grant amount provided under section 2 of this chapter
for that school year shall be reduced on a prorated basis in a manner
prescribed by the treasurer of state to reflect the length of the
agreement. In the event an eligible student's ESA account is terminated
because the eligible student enrolls in a school that receives tuition
support under IC 20-43, the balance in the ESA account at the time the
ESA account is terminated shall be transferred to the school
corporation or charter school in which the eligible student enrolls. In
the event that special education grant funding under section 4(b) of this
chapter has been deposited into the eligible student's ESA account but
the eligible student subsequently begins receiving special education
services from a school that receives funding under IC 20-43, the
balance in the ESA account up to the amount deposited under section
4(b) of this chapter shall be transferred to the school corporation or
charter school that provides the special education services to the
student.