Sec. 1. The Indiana career accelerator fund is established to provide financial assistance awards to assist individuals in obtaining credentials from qualified education programs. As added by P.L.165-2021, SEC.65.
Sec. 2. The fund consists of the following: (1) Appropriations made by the general assembly. (2) Grants and gifts intended for deposit in the fund. (3) Repayments of awards from the fund. (4) Interest that accrues from investments of money in the fund. (5) Money received from the department under IC 5-34-3-2. As added by […]
Sec. 3. (a) INvestED Indiana shall administer the fund. The expenses of administering the fund may be paid from money in the fund. (b) Any compensation provided to employees of INvestED Indiana may not be paid from money received by the department under IC 5-34-3-2. As added by P.L.165-2021, SEC.65.
Sec. 4. Money in the fund not currently needed to meet the obligations in the fund may be invested in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund. As added by P.L.165-2021, SEC.65.
Sec. 5. Money in the fund at the end of a state fiscal year does not revert to the state general fund. As added by P.L.165-2021, SEC.65.
