20-51.4-4-3.5. Indiana Education Scholarship Account Administration Fund; Uses; Administration of the Program; Permitted Transfer of Funds
Sec. 3.5. (a) The Indiana education scholarship account administration fund is established for the purpose of accepting money for the Indiana education scholarship account program to support administration of the program. (b) The treasurer of state shall administer the fund. (c) The fund consists of the following: (1) Administration fees deposited in the fund under […]
20-51.4-4-4. Calculation of Annual Grant Amount
Sec. 4. (a) Subject to sections 5 and 10 of this chapter, the annual grant amount under section 2 of this chapter for an eligible student equals, subject to subsection (b), ninety percent (90%) of the amount determined in the last STEP of the following formula: STEP ONE: Determine the school corporation in which the […]
20-51.4-4-5. Proration of Grant Amount
Sec. 5. If an eligible student’s agreement under section 1 of this chapter is in effect for less than an entire school year, the annual grant amount provided under section 2 of this chapter for that school year shall be reduced on a prorated basis in a manner prescribed by the treasurer of state to […]
20-51.4-4-12. Tax Treatment; Qualification for Other Programs
Sec. 12. Distributions made to an account under section 2 of this chapter or money in the account may not be treated as income or a resource for purposes of qualifying for any other federal or state grant or program administered by the state or a political subdivision. As added by P.L.165-2021, SEC.180.
20-51.4-4-3.5. Indiana Education Scholarship Account Administration Fund; Uses; Administration of the Program; Permitted Transfer of Funds
Sec. 3.5. (a) The Indiana education scholarship account administration fund is established for the purpose of accepting money for the Indiana education scholarship account program to support administration of the program. (b) The treasurer of state shall administer the fund. (c) The fund consists of the following: (1) Administration fees deposited in the fund under […]
20-51.4-4-4. Calculation of Annual Grant Amount
Sec. 4. (a) Subject to sections 5 and 10 of this chapter, the annual grant amount under section 2 of this chapter for an eligible student equals, subject to subsection (b), ninety percent (90%) of the amount determined in the last STEP of the following formula: STEP ONE: Determine the school corporation in which the […]
20-51.4-4-5. Proration of Grant Amount
Sec. 5. If an eligible student’s agreement under section 1 of this chapter is in effect for less than an entire school year, the annual grant amount provided under section 2 of this chapter for that school year shall be reduced on a prorated basis in a manner prescribed by the treasurer of state to […]
20-51.4-4-6. Notice to Parent; Written Explanation of Authorized Uses
Sec. 6. Upon entering into or renewing an agreement under this chapter, the treasurer of state shall provide to the parent of an eligible student or an emancipated eligible student a written explanation of the authorized uses of the money in the account and the responsibilities of the parent of an eligible student or an […]
20-51.4-4-7. Limitation on Use of Grant Amount for Transportation Fees
Sec. 7. A parent of an eligible student may use not more than seven hundred fifty dollars ($750) of the annual grant amount received under this chapter each school year for fees for transportation paid to a fee-for-service transportation provider for the eligible student to travel to and from an approved service provider. However, the […]
20-51.4-4-8. Payment of Qualified Expenses From Other Sources
Sec. 8. This chapter does not prohibit a parent of an eligible student or an emancipated eligible student from making a payment for any qualified expense from a source other than the eligible student’s account. The parent of an eligible student or an emancipated eligible student is responsible for the payment of any tuition required […]