Sec. 5. (a) The career scholarship account administration fund is established for the purpose of accepting money for the CSA program to support administration of the CSA program.

     (b) The treasurer of state shall administer the fund.

     (c) The fund consists of the following:

(1) Administration fees deposited in the fund under IC 20-51.4-3-7(c).

(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) The treasurer of state may transfer any funds held in the fund to the CSA program fund established by section 4 of this chapter at any time for the purpose of the CSA program fund.

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