IC 21-11-3
    Chapter 3. Powers of the Commission

IC 21-11-3-1
Powers of commission
    Sec. 1. The commission shall do the following:
        (1) Prepare and supervise the issuance of public informationconcerning this article and IC 21-12-2, IC 21-12-3, IC 21-12-4,and IC 21-12-5.
        (2) Prescribe the form and regulate the submission ofapplications for higher education awards.
        (3) Conduct conferences and interviews with applicants as maybe appropriate.
        (4) Determine the eligibility of applicants.
        (5) Select qualified applicants.
        (6) Determine the respective amounts of, and award, theappropriate higher education awards.
        (7) Determine eligibility for, and award, annual renewals ofhigher education awards.
        (8) Act as the designated state agency for participation in anyfederal program for reinsurance of student loans.
As added by P.L.2-2007, SEC.252.

IC 21-11-3-2
Duties of the commission
    Sec. 2. The commission shall do the following:
        (1) Prepare and supervise the issuance of public informationconcerning all of the commission's programs.
        (2) Prescribe the form and regulate the submission ofapplications for all of the commission's programs.
        (3) Determine the amounts of grants and scholarships.
        (4) Determine eligibility for grants and scholarships.
        (5) Receive federal funds made available to the commission forawards, grants, and scholarships, and disburse these funds in themanner prescribed by federal law.
        (6) One (1) time every year, submit a report to the legislativecouncil that provides data and statistical information regardingthe number of individuals who received assistance underIC 21-12-6 and IC 21-12-6.5. The report made to the legislativecouncil must be in an electronic format under IC 5-14-6.
As added by P.L.2-2007, SEC.252. Amended by P.L.100-2009,SEC.1.

IC 21-11-3-3
Additional powers and duties of the commission
    Sec. 3. The commission may do the following:
        (1) Accept gifts, grants, devises, or bequests to provide grants,awards, scholarships, loans, or other forms of financial aid tostudents attending approved postsecondary educationalinstitutions.        (2) Enter into contracts, subject to IC 4-13-2, that thecommission determines are necessary to carry out thecommission's functions.
        (3) Provide administrative or technical assistance to othergovernmental or nongovernmental entities if the provision ofthis assistance will increase the number and value of grants,awards, scholarships, or loans available to students attendingapproved postsecondary educational institutions.
        (4) Sue and be sued in the name of the commission.
As added by P.L.2-2007, SEC.252.

IC 21-11-3-4
Procedures concerning gifts; grants; devices and bequests
    Sec. 4. Whenever the commission receives an offer of a gift,grant, devise, or bequest, the commission may accept a stipulation onthe use of the donated funds. In this case, IC 21-12-3-11 (highereducation award) and IC 21-12-4-4 (freedom of choice grant) do notapply. Before accepting a gift, grant, devise, or bequest, thecommission shall determine that the purposes for which a donorproposes to provide funds are:
        (1) lawful;
        (2) in the state's best interests; and
        (3) generally consistent with the commission's programs andpurposes.
Whenever the commission agrees to a stipulation on the use ofdonated funds, the commission and the donor, subject to approval bythe budget agency and the governor or the governor's designee, shallexecute an agreement.
As added by P.L.2-2007, SEC.252.

IC 21-11-3-5
Administrative and technical assistance
    Sec. 5. (a) This section applies whenever the commission agreesto provide administrative or technical assistance to othergovernmental or nongovernmental entities to increase the numberand value of grants, awards, scholarships, or loans available tostudents attending approved postsecondary educational institutions.
    (b) The commission and the party to whom the assistance is to beprovided shall execute an agreement specifying:
        (1) the assistance that is to be provided; and
        (2) the charges, if any, that are to be assessed by thecommission for providing this assistance.
The commission may waive charges for administrative or technicalassistance under this section if the commission determines that awaiver is in the best interest of the state. An agreement to provideassistance must be approved by the budget agency and the governoror the governor's designee.
As added by P.L.2-2007, SEC.252.