§ 21-44-6-7 — Mental health and addiction services loan forgiveness account

Indiana § 21-44-6-7

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 44: MEDICAL EDUCATION SYSTEM
• Ch. 6: Mental Health Services Development Programs

Text

(a) As used in this section, "account" refers to
the mental health and addiction services loan forgiveness account
established in subsection (b).
(b) The mental health and addiction services loan forgiveness
account within the state general fund is established for the purpose of
providing grants for loan repayment under this chapter. The account
shall be administered by the board. Money in the account shall be used
to fund loan forgiveness grants under this chapter.
(c) The account consists of:
(1) appropriations made by the general assembly;
(2) grants; and
(3) gifts and bequests.
(d) The expenses of administering the account shall be paid from
money in the account.
(e) The treasurer of state shall invest the money in the account not
currently needed to meet the obligations of the account in the same
manner as other public money may be invested. Interest that accrues
from these investments shall be deposited in the account.
(f) Money in the account at the end of a state fiscal year does not
revert to the state general fund.

Legislative History

As added by P.L.170-2009, SEC.9. Amended by P.L.142-2014, SEC.8.