Indiana § 21-12-1.2-2 Transfer of funds at end of state fiscal year

Indiana Statutes

§ 21-12-1.2-2 — Transfer of funds at end of state fiscal year

Indiana § 21-12-1.2-2

Title 21HIGHER EDUCATION

Art. 12GENERAL SCHOLARSHIPS AND GRANTS

Ch. 1.2General Provisions

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Bluebook

Ind. Code § 21-12-1.2-2 (2026).

Text

(a)At the end of each state fiscal year, the commission shall determine the amount of the appropriation remaining in the following funds:

(1)Higher education award fund established under IC 21-12-3-19.

(2)Freedom of choice grant fund established under IC 21-12-4-5.

(3)Twenty-first century scholars fund established by IC 21-12-6-2.

(4)Adult student grant fund established by IC 21-12-8-1.

(b)At the end of each state fiscal year, the commission may order the state comptroller to transfer money among the funds listed in subsection (a) if the commission determines that the remaining appropriation in a particular fund could be used by eligible applicants for an award under another fund listed in subsection (a) in the following state fiscal year. The state comptroller shall make the transfe

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(a) At the end of each state fiscal year, the
commission shall determine the amount of the appropriation remaining
in the following funds:
(1) Higher education award fund established under IC 21-12-3-19.
(2) Freedom of choice grant fund established under IC 21-12-4-5.
(3) Twenty-first century scholars fund established by IC 21-12-6-2.
(4) Adult student grant fund established by IC 21-12-8-1.
(b) At the end of each state fiscal year, the commission may order
the state comptroller to transfer money among the funds listed in
subsection (a) if the commission determines that the remaining
appropriation in a particular fund could be used by eligible applicants
for an award under another fund listed in subsection (a) in the
following state fiscal year. The state comptroller shall make the transfer
ordered by the commission with the approval of the budget director and
the governor.