Indiana Statutes
§ 21-38-8-3 — Qualifications
Indiana·Title 21 HIGHER EDUCATION·Art. 38 STATE EDUCATIONAL INSTITUTIONS:·Ch. 8 Indiana Excellence in Teaching Endowment
To qualify for a matching grant from the fund, a state educational institution or a foundation must establish an endowment subject to the following criteria:
(1)The endowment must be created after July 1, 1990.
(2)Funds in the endowment must be solely dedicated for use in
matching money granted from the fund.
(3)A donor to the endowment must restrict the gift for the sole
purpose of generating income to attract and retain distinguished
scholars.
(4)An institution or a foundation may not designate an
unrestricted donation, endowment, or any other contribution made
before July 1, 1990, to qualify for a matching grant.
[Pre-2007 Higher Education Recodification Citation:
20-12-69-8.]
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Legislative History
As added by P.L.2-2007, SEC.279.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"