§ 21-12-6-2 — Twenty-first century scholars fund; administration

Indiana § 21-12-6-2

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 12: GENERAL SCHOLARSHIPS AND GRANTS
• Ch. 6: Twenty-First Century Scholars Program; Tuition Grants

Text

(a) The twenty-first century scholars fund is
established to provide the financial resources necessary to award the
scholarships authorized under the program.
(b) The commission shall administer the fund.
(c) The expenses of administering the fund shall be paid from
money in the fund.
(d) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested.
(e) Money in the fund at the end of a state fiscal year does not revert
to the state general fund but remains available to be used for providing
money for twenty-first century scholarships under this chapter, or it
may be transferred to another fund under this article as directed by the
commission under IC 21-12-1.2-2.
[Pre-2007 Higher Education Recodification Citation:
20-12-70-9.]

Legislative History

As added by P.L.2-2007, SEC.253. Amended by P.L.234-2007, SEC.57; P.L.234-2015, SEC.12.