Indiana Code 20-43-2-1. Distribution schedule; reversions
Current as of: 2024 | Check for updates
|
Other versions
Sec. 1. The department shall distribute the amount appropriated by the general assembly for distribution as state tuition support in accordance with this article. If the appropriations for distribution as state tuition support are more than required under this article, any excess shall revert to the state general fund. The appropriations for state tuition support shall be made each state fiscal year under a schedule set by the budget agency and approved by the governor. However, the schedule must provide:
(2) that one (1) payment shall be made at least every forty (40) days; and
(1) for at least twelve (12) payments;
Terms Used In Indiana Code 20-43-2-1
- 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.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) the total of the payments in each state fiscal year must equal the amount required under this article.
[Pre-2006 Recodification Citation: subsection (a) formerly P.L.246-2005, SECTION 9 part.]
As added by P.L.2-2006, SEC.166. Amended by P.L.146-2008, SEC.481; P.L.205-2013, SEC.268.