§ 20-51.4-4.5-1 — Establishment of accounts; application process; agreement

Indiana § 20-51.4-4.5-1

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 51.4: INDIANA EDUCATION SCHOLARSHIP
• Ch. 4.5: Career Scholarship Account Program Fund and

Text

Note: This version of section effective until 7-1-2026. See also
following version of this section, effective 7-1-2026.
Sec. 1. (a) After June 30, 2023, a parent of a career
scholarship student or an emancipated career scholarship student may
establish a career scholarship account for the career scholarship student
by entering into a written agreement with the treasurer of state on a
form prepared by the treasurer of state. An application to establish a
CSA account, or an application to participate in the CSA program with
an ESA account, must be submitted not later than October 1 for the
school year. Subject to subsection (f), the CSA account of a career
scholarship student must be made in the name of the career scholarship
student. The treasurer of state shall make the agreement available on
the website of the treasurer of state.
(b) To be eligible to participate in the CSA program, a parent of a
career scholarship student or an emancipated career scholarship student
must agree that:
(1) a grant deposited in the career scholarship student's CSA
account under section 3 of this chapter and any interest that may
accrue in the CSA account will be used only for the CSA
qualified expenses;
(2) money in the CSA account when the CSA account is
terminated reverts to the state general fund; and
(3) the parent of the career scholarship student or the emancipated
career scholarship student will use the money in the CSA account
for the career scholarship student to attend one (1) or more of the
sequences, courses, apprenticeships, or programs of study
designated and approved under section 6(a) of this chapter.
(c) A parent of a career scholarship student may enter into a
separate agreement under subsection (a) for each child of the parent.
However, not more than one (1) CSA account may be established for
each career scholarship student.
(d) Except as provided under subsection (f), a CSA account must be
established under subsection (a) by a parent of a career scholarship
student or an emancipated career scholarship student for a school year
not later than thirty (30) days after the date that the treasurer of state
approves an application submitted under subsection (a).
(e) Except as provided in section 2 of this chapter, an agreement
made under this section is valid for one (1) school year while the career
scholarship student is in grades 10 through 12 and may be renewed
annually. Upon graduation, or receipt of:
(1) a certificate of completion under the career scholarship
student's individualized education program; or
(2) an Indiana high school equivalency diploma under IC 22-4.1-18;
the career scholarship student's CSA account is terminated.
(f) If:
(1) a parent of a career scholarship student or an emancipated
career scholarship student enters into a written agreement with the
treasurer of state on a form under subsection (a); and
(2) the career scholarship student participates in the ESA program
under this article;
the parent or emancipated career scholarship student must participate
in the CSA program using the student's ESA account instead of
establishing a CSA account. However, if the student ceases to
participate in the ESA program, the parent of the student or the
emancipated student must establish a CSA account to participate in the
CSA program.

Legislative History

As added by P.L.202-2023, SEC.62. Amended by P.L.127-2024, SEC.6.