Indiana § 20-51.4-4.5-5 Career scholarship account administration fund; uses; administration
of the program; permitted transfer of funds

Indiana Statutes

§ 20-51.4-4.5-5 — Career scholarship account administration fund; uses; administration of the program; permitted transfer of funds

Indiana § 20-51.4-4.5-5

Title 20EDUCATION

Art. 51.4INDIANA EDUCATION SCHOLARSHIP

Ch. 4.5Career Scholarship Account Program Fund and

This text of Indiana § 20-51.4-4.5-5 (Career scholarship account administration fund; uses; administration of the program; permitted transfer of funds) 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 § 20-51.4-4.5-5 (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.

(a)The career scholarship account administration fund is established for the purpose of accepting money for the CSA program to support administration of the CSA program.

(b)The treasurer of state shall administer the fund.

(c)The fund consists of the following:

(1)Administration fees deposited in the fund under IC 20-51.4-3-7(c).

(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)The treasurer of state ma

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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. (a) The career scholarship account
administration fund is established for the purpose of accepting money
for the CSA program to support administration of the CSA program.
(b) The treasurer of state shall administer the fund.
(c) The fund consists of the following:
(1) Administration fees deposited in the fund under IC 20-51.4-3-7(c).
(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) The treasurer of state may transfer any funds held in the fund to
the CSA program fund established by section 4 of this chapter at any
time for the purpose of the CSA program fund.