Indiana Code 22-4.1-21-39. Establishment of proprietary educational institution authorization fund; collection of fees

Sec. 39. (a) The proprietary educational institution authorization fund is established.

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authorization: means a formal determination by the department that a:
Indiana Code 22-4.1-21-2
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.
fund: refers to the student assurance fund established by section 18 of this chapter. See Indiana Code 22-4.1-21-7

(b) The proprietary educational institution authorization fund shall be administered by the department.

(c) Money in the proprietary educational institution authorization fund at the end of a state fiscal year does not revert to the general fund.

(d) All fees collected by the department under this chapter shall be deposited in the proprietary educational institution authorization fund.

(e) Money in the proprietary educational institution authorization fund shall be used by the department to administer this chapter.

As added by P.L.107-2012, SEC.61. Amended by P.L.178-2016, SEC.26; P.L.157-2023, SEC.22.