Indiana § 21-13-6.5-2 Purpose of the fund; use; matching funds requirement; application

Indiana Statutes

§ 21-13-6.5-2 — Purpose of the fund; use; matching funds requirement; application

Indiana § 21-13-6.5-2

Title 21HIGHER EDUCATION

Art. 13OCCUPATIONAL SCHOLARSHIPS AND

Ch. 6.5Medical Residency Education Grants

This text of Indiana § 21-13-6.5-2 (Purpose of the fund; use; matching funds requirement; application) 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 § 21-13-6.5-2 (2026).

Text

(a)Subject to subsection (b), the money in the fund must be used to provide money to the following:

(1)A hospital licensed under IC 16-21 that is seeking to fund a new residency program slot for a qualified individual to complete a residency program in Indiana.

(2)A nonprofit organization that:

(A)is qualified as tax exempt under Section 501(c)(3) of the Internal Revenue Code; and

(B)has the purpose of increasing residency positions in Indiana by funding new residency program slots at hospitals licensed under IC 16-21.

(b)A recipient of money from the fund must agree to provide matching funds equal to at least twenty-five percent (25%) of the money provided.

(c)The commission shall establish an application process for a person seeking money from the fund.

(d)A person receiving fund

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(a) Subject to subsection (b), the money in
the fund must be used to provide money to the following:
(1) A hospital licensed under IC 16-21 that is seeking to fund a
new residency program slot for a qualified individual to complete
a residency program in Indiana.
(2) A nonprofit organization that:
(A) is qualified as tax exempt under Section 501(c)(3) of the
Internal Revenue Code; and
(B) has the purpose of increasing residency positions in Indiana
by funding new residency program slots at hospitals licensed
under IC 16-21.
(b) A recipient of money from the fund must agree to provide
matching funds equal to at least twenty-five percent (25%) of the
money provided.
(c) The commission shall establish an application process for a
person seeking money from the fund.
(d) A person receiving funding under this chapter shall provide any
information requested by the commission that the commission
determines is necessary to administer this chapter.