Sec. 4. (a) The career scholarship account program fund is established for the purpose of providing grants to career scholarship students under the CSA program.

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Terms Used In Indiana Code 20-51.4-4.5-4

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
     (b) The treasurer of state shall administer the CSA program fund.

     (c) The CSA program fund consists of the following:

(1) Appropriations by the general assembly.

(2) Interest deposited in the CSA program fund under subsection (d).

(3) Amounts transferred to the CSA program fund from the career scholarship account administration fund under section 5(e) of this chapter.

     (d) The treasurer of state shall invest money in the CSA program fund not currently needed to meet the obligations of the CSA program fund in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the CSA program fund.

     (e) Money in the CSA program fund at the end of a state fiscal year reverts to the state general fund.

As added by P.L.202-2023, SEC.62.

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