20-52-4-3. Grant Amount
Sec. 3. (a) Subject to section 7 of this chapter, the one (1) time enrichment grant amount under section 2 of this chapter for an enrichment student equals the greater of: (1) five hundred dollars ($500); or (2) if the school corporation or school provides a matching grant to the enrichment student under this section, […]
20-52-4-4. Written Explanation of Authorized Uses of Account
Sec. 4. Upon entering into an agreement under this chapter, the department shall provide to the parent of an enrichment student: (1) a written explanation of the authorized uses of the money in the account and the responsibilities of the parent of an enrichment student and the department regarding an account established under section 1 […]
20-52-4-5. Payment of Qualified Expenses From Other Sources
Sec. 5. This chapter does not prohibit a parent of an enrichment student from making a payment for any qualified expense from a source other than the enrichment student’s account. As added by P.L.168-2022, SEC.22.
20-52-4-6. Payment of Refunds
Sec. 6. A participating entity that receives a payment for a qualified expense may not refund any part of the payment directly to the parent of the enrichment student. Any refund provided by a participating entity shall be deposited into the enrichment student’s account. As added by P.L.168-2022, SEC.22.
20-52-4-7. Freezing of an Account; Notice; Petition; Termination
Sec. 7. (a) The department shall freeze the account established under section 1 of this chapter of any parent of an enrichment student who: (1) fails to comply with the terms of the agreement established under section 1 of this chapter; (2) fails to comply with applicable laws or regulations; or (3) substantially misuses funds […]
20-52-4-8. Tax Treatment; Qualification for Other Programs
Sec. 8. 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.168-2022, SEC.22.
20-52-4-1. Establishment of Enrichment Account
Sec. 1. (a) After August 31, 2022, a parent of an enrichment student may establish an Indiana enrichment scholarship account for the eligible student by entering into a written agreement with the department on a form prepared by the department. The department may establish deadlines for the submission of applications. The account of an enrichment […]
20-52-4-2. Deposit of Grant Amount Into Account
Sec. 2. (a) An enrichment student who currently maintains an account is entitled to a one (1) time grant amount. The department shall deposit the enrichment grant amount under this section, as a one (1) time deposit, into an enrichment student’s account in a manner established by the department. (b) Except as provided in subsection […]
20-52-4-3. Grant Amount
Sec. 3. (a) Subject to section 7 of this chapter, the one (1) time enrichment grant amount under section 2 of this chapter for an enrichment student equals the greater of: (1) five hundred dollars ($500); or (2) if the school corporation or school provides a matching grant to the enrichment student under this section, […]
20-52-4-4. Written Explanation of Authorized Uses of Account
Sec. 4. Upon entering into an agreement under this chapter, the department shall provide to the parent of an enrichment student: (1) a written explanation of the authorized uses of the money in the account and the responsibilities of the parent of an enrichment student and the department regarding an account established under section 1 […]