§ 5-28-7-5 — Skills enhancement fund

Indiana § 5-28-7-5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 7: Training 2000 Program and Fund

Text

(a) The skills enhancement fund is established
within the state treasury to be used exclusively for the purposes of this
chapter.
(b) The fund consists of:
(1) appropriations from the general assembly; and
(2) money repaid to the corporation under section 7 of this
chapter.
(c) The corporation shall administer the fund. The following may be
paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out the
purposes of this chapter.
(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.

Legislative History

As added by P.L.4-2005, SEC.34. Amended by P.L.237-2017, SEC.19; P.L.146-2018, SEC.1.