Sec. 14. (a) The correctional professionals assistance fund of Indiana is established to provide monetary assistance, including tuition assistance, to a correctional employee or the family member of a correctional employee. Monetary assistance may be paid from the fund to the correctional employee or a family member of a correctional employee if:

(1) the employee or employee’s family member attends a postsecondary educational institution; or

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Terms Used In Indiana Code 11-8-2-14

  • 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.
(2) the employee:

(A) suffers a loss as the result of a natural disaster;

(B) is killed or injured in the line of duty; or

(C) is suffering from other catastrophic events defined by a written protocol approved by the commissioner.

     (b) The expenses of administering the fund shall be paid from money in the fund.

     (c) The fund consists of:

(1) grants;

(2) donations;

(3) employee contributions; and

(4) appropriations;

made to the fund.

     (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 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 does not revert to the state general fund.

     (f) Money in the fund is continually appropriated to carry out the purposes of the fund.

As added by P.L.77-2009, SEC.4. Amended by P.L.23-2012, SEC.2.

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