Indiana Code 21-12-1.2-2. Transfer of funds at end of state fiscal year
(1) Higher education award fund established under IC 21-12-3-19.
Terms Used In Indiana Code 21-12-1.2-2
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- 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) Twenty-first century scholars fund established by IC 21-12-6-2.
(4) Adult student grant fund established by IC 21-12-8-1.
(b) At the end of each state fiscal year, the commission may order the state comptroller to transfer money among the funds listed in subsection (a) if the commission determines that the remaining appropriation in a particular fund could be used by eligible applicants for an award under another fund listed in subsection (a) in the following state fiscal year. The state comptroller shall make the transfer ordered by the commission with the approval of the budget director and the governor.
As added by P.L.234-2015, SEC.4. Amended by P.L.9-2024, SEC.418.