5-34-1-1. Application of Definitions
Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.165-2021, SEC.65.
5-34-1-10. Annual Examination of the Fund
Sec. 10. INvestED Indiana shall engage an independent certified public accounting firm to conduct an annual examination of the fund. The examination must comply with the uniform compliance guidelines, directives, and standards established by the state board of accounts. INvestED Indiana shall submit a copy of the annual examination report to the state board of […]
5-34-1-2. “Base Year State Income Tax Liability”
Sec. 2. “Base year state income tax liability” means the amount of state income tax paid by an individual who receives a financial assistance award from the fund during the taxable year immediately preceding the taxable year in which the individual enrolled in the qualified education program. As added by P.L.165-2021, SEC.65.
5-34-1-3. “Department”
Sec. 3. “Department” refers to the department of state revenue. As added by P.L.165-2021, SEC.65.
5-34-1-4. “Fund”
Sec. 4. “Fund” refers to the Indiana career accelerator fund established by IC 5-34-2-1. As added by P.L.165-2021, SEC.65.
5-34-1-5. “Invested Indiana”
Sec. 5. “INvestED Indiana” refers to the Indiana-based, nonprofit financial aid literacy and student loan organization commonly known as INvestED. As added by P.L.165-2021, SEC.65.
5-34-1-6. “Qualified Education Program”
Sec. 6. “Qualified education program” means a program that is certified by INvestED Indiana. As added by P.L.165-2021, SEC.65.
5-34-1-7. Requirements for Certification of a Qualified Education Program
Sec. 7. (a) INvestED Indiana shall develop policies to evaluate, identify, and certify qualified education programs. (b) Requirements for certification of a qualified education program must include the following: (1) The program allows an individual to earn a credential in not more than six (6) months. (2) The following must be demonstrated to INvestED Indiana […]
5-34-1-8. Financial Assistance Awards From the Fund; Purposes
Sec. 8. INvestED Indiana shall provide financial assistance awards from the fund to assist individuals in obtaining credentials from qualified education programs. As added by P.L.165-2021, SEC.65.
5-34-1-9. Repayment Agreement
Sec. 9. (a) INvestED Indiana shall require an individual who receives an award from the fund to enter into an agreement for repayment of the award. (b) An agreement for repayment of an award from the fund is subject to the following: (1) The agreement may not require the individual to make repayments during any […]