Indiana Code 20-51.4-4-3.5. Indiana education scholarship account administration fund; uses; administration of the program
Terms Used In Indiana Code 20-51.4-4-3.5
(b) The treasurer of state shall administer the fund.
(c) The fund consists of the following:
(1) Appropriations by the general assembly.
(2) Interest deposited in the fund under subsection (d).
(d) The treasurer of state shall invest money in the fund not currently needed to meet the obligations of the fund in the same manner as other public money 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 reverts to the state general fund.
As added by P.L.132-2022, SEC.7. Amended by P.L.201-2023, SEC.222.