Indiana § 21-18-19-2 Intermediary capacity building fund

Indiana Statutes

§ 21-18-19-2 — Intermediary capacity building fund

Indiana § 21-18-19-2

Title 21HIGHER EDUCATION

Art. 18COMMISSION FOR HIGHER EDUCATION

Ch. 19Intermediaries, Employers, and Labor Organizations

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Bluebook

Ind. Code § 21-18-19-2 (2026).

Text

(a)The intermediary capacity building fund is established for the purpose of providing grants to approved intermediaries in accordance with section 3 of this chapter.

(b)The fund consists of the following:

(1)Appropriations made by the general assembly.

(2)Gifts, grants, devises, or bequests made to the cabinet to achieve the purposes of the fund.

(c)The commission shall administer 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. Interest that accrues from these investments shall be deposited in the fund.

(e)Money in the fund at the end of a state fiscal year does not revert to the state general fund.

(f)This section expires July 1, 2027.

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(a) The intermediary capacity building fund
is established for the purpose of providing grants to approved
intermediaries in accordance with section 3 of this chapter.
(b) The fund consists of the following:
(1) Appropriations made by the general assembly.
(2) Gifts, grants, devises, or bequests made to the cabinet to
achieve the purposes of the fund.
(c) The commission shall administer 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. Interest that accrues
from these investments shall be deposited in the fund.
(e) Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
(f) This section expires July 1, 2027.