Indiana § 20-51.4-4.5-3 Eligibility for grant amount; termination of an account

Indiana Statutes

§ 20-51.4-4.5-3 — Eligibility for grant amount; termination of an account

Indiana § 20-51.4-4.5-3

Title 20EDUCATION

Art. 51.4INDIANA EDUCATION SCHOLARSHIP

Ch. 4.5Career Scholarship Account Program Fund and

This text of Indiana § 20-51.4-4.5-3 (Eligibility for grant amount; termination of an account) 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 § 20-51.4-4.5-3 (2026).

Text

Note: This version of section effective until 7-1-2026. See also following version of this section, effective 7-1-2026. Sec. 3.

(a)A career scholarship student who currently maintains a CSA account or an ESA account and participates in the CSA program is entitled to an annual grant amount for each school year until the student:

(1)graduates; or

(2)obtains:

(A)a certificate of completion under the student's individualized education program; or

(B)an Indiana high school equivalency diploma under IC 22-4.1-18.

(b)A career scholarship student may not receive a grant under this section after graduating, receiving an Indiana high school equivalency diploma, or obtaining a certificate of completion. The CSA annual grant amount shall be paid from the CSA program fund. The treasurer of state,

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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. 3. (a) A career scholarship student who
currently maintains a CSA account or an ESA account and participates
in the CSA program is entitled to an annual grant amount for each
school year until the student:
(1) graduates; or
(2) obtains:
(A) a certificate of completion under the student's
individualized education program; or
(B) an Indiana high school equivalency diploma under IC 22-4.1-18.
(b) A career scholarship student may not receive a grant under this
section after graduating, receiving an Indiana high school equivalency
diploma, or obtaining a certificate of completion. The CSA annual
grant amount shall be paid from the CSA program fund. The treasurer
of state, with notice to the department, shall deposit the CSA annual
grant amount under this section, in quarterly deposits, into a career
scholarship student's:
(1) CSA account; or
(2) ESA account if the student participates in the ESA program;
in a manner established by the treasurer of state.
(c) Except as provided in subsection (d), at the end of the year in
which a CSA account is established, the parent of a career scholarship
student or the emancipated career scholarship student may roll over for
use in a subsequent year a maximum of one thousand dollars ($1,000).
However, for each year thereafter, the parent of the career scholarship
student or emancipated eligible student may roll over one thousand
dollars ($1,000) plus any amount rolled over in a previous year.
(d) A career scholarship student's CSA account shall terminate the
later of:
(1) the date the student graduates high school or obtains an
Indiana high school equivalency diploma; or
(2) July 1 of the year in which the student graduates high school
or obtains an Indiana high school equivalency diploma.
Any money, including interest that remains in the career scholarship
student's CSA account when it terminates under this subsection, reverts
to the state general fund.