Sec. 2. (a) The state student assistance commission established by IC 21-11-2-1 (before its repeal) is abolished.

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Terms Used In Indiana Code 21-18.5-1-2

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Statute: A law passed by a legislature.
     (b) The following are transferred on July 1, 2012, from the state student assistance commission to the commission for higher education established by IC 21-18-2-1:

(1) All real and personal property of the state student assistance commission.

(2) All powers, duties, assets, and liabilities of the state student assistance commission.

(3) All appropriations to the state student assistance commission.

     (c) All rules or policies that were adopted by the state student assistance commission before July 1, 2012, shall be treated as though the rules were adopted by the commission for higher education established by IC 21-18-2-1 until the commission for higher education adopts new rules or policies.

     (d) After June 30, 2012, a reference to the state student assistance commission in a statute or rule shall be treated as a reference to the commission for higher education established by IC 21-18-2-1.

As added by P.L.107-2012, SEC.58.

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