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.
20-52-2-1. Applicability
Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.168-2022, SEC.22.
20-52-2-2. “Account”
Sec. 2. “Account” refers to an Indiana enrichment scholarship account established by an enrichment student’s parent under IC 20-52-4-1. As added by P.L.168-2022, SEC.22.
20-52-2-3. “Enrichment Student”
Sec. 3. “Enrichment student” refers to an individual who: (1) has legal settlement in Indiana; and (2) meets the criteria established by the department under IC 20-52-3-3(a). As added by P.L.168-2022, SEC.22.
20-52-2-4. “Participating Entity”
Sec. 4. “Participating entity” means any individual or entity who provides a qualified expense who is approved by the department under IC 20-52-5-1. As added by P.L.168-2022, SEC.22.
20-52-2-5. “Program”
Sec. 5. “Program” refers to the Indiana student enrichment grant program established by IC 20-52-3-1. 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 […]
20-52-2-6. “Qualified Expenses”
Sec. 6. “Qualified expenses” means enrichment materials, activities, or programs approved by the department to improve student proficiency in math or reading. As added by P.L.168-2022, SEC.22.
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 […]