Sec. 5. (a) The curricular materials fund is established. The department shall administer the fund. The purpose of the fund is to provide funding for:

(1) state advancements or reimbursements of costs incurred by public schools to provide curricular materials to students at no cost as required under IC 20-26-12-1; and

(2) reimbursements of costs incurred by a parent of an eligible student, or an eligible student, for curricular materials as provided under IC 20-33-5-9.

     (b) The fund consists of the following:

(1) Appropriations by the general assembly.

(2) Donations.

(3) Federal grants or other federal appropriations.

(4) Interest and other earnings derived from investment of money in the fund.

     (c) 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 must be deposited in the fund.

     (d) Money in the fund is continually appropriated for the purposes of this chapter.

     (e) Money in the fund may not be used for the costs of administering this chapter.

As added by P.L.201-2023, SEC.189.