Indiana Code 20-20-18.5-2. Establishment of fund; administration; criteria
(b) The department shall administer the fund.
Terms Used In Indiana Code 20-20-18.5-2
- 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.
(1) Appropriations from the general assembly.
(2) Gifts to the fund.
(3) Grants, including grants from private entities.
(d) In awarding a grant under this chapter, the department shall ensure that the following criteria are met:
(1) Not more than one hundred (100) school counselors may be awarded a grant annually.
(2) An individual receiving a grant under this chapter must have been employed as a school counselor before July 1, 2015, and must be currently employed as a school counselor.
(e) The expenses of administering the fund shall be paid from the fund.
(f) Money in the fund that is not needed to pay the obligations of the fund may be invested in the manner that other public money may be invested. Interest from the investment of money in the fund becomes part of the fund.
(g) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.185-2015, SEC.18.