§ 21-38-8-2 — Indiana excellence in teaching endowment; administration

Indiana § 21-38-8-2

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 38: STATE EDUCATIONAL INSTITUTIONS:
• Ch. 8: Indiana Excellence in Teaching Endowment

Text

(a) The Indiana excellence in teaching
endowment is established to provide state educational institutions with
grants to match interest income generated by an endowment to attract
and retain distinguished teachers. The fund shall be administered by
the council.
(b) The expenses of administering the fund shall be paid from
money in the fund.
(c) The treasurer of state shall invest the money in the fund not
currently needed to meet obligations of the fund in the same manner as
other public funds may be invested.
(d) Money in the fund at the end of the state fiscal year does not
revert to the state general fund but remains available to be used for
providing money for grants as allowed under this chapter.
[Pre-2007 Higher Education Recodification Citation:
20-12-69-7.]

Legislative History

As added by P.L.2-2007, SEC.279. Amended by P.L.234-2007, SEC.56.