CHAPTER 5. HOOSIER SCHOLAR AWARD PROGRAM

IC 21-12-5
    Chapter 5. Hoosier Scholar Award Program

IC 21-12-5-1
Hoosier scholar award program; established
    Sec. 1. There is established the Hoosier scholar award program,to be administered by the commission.
As added by P.L.2-2007, SEC.253.

IC 21-12-5-2
Eligibility
    Sec. 2. The commission shall make a Hoosier scholar award eachyear to the top ranking students, as certified by the schoolcorporation, of each high school graduating class in Indiana who willbe attending an eligible institution. The number of awards given shallbe determined by the size of the graduating class as follows:
        (1) 1-50 graduating students, one (1) award;
        (2) 51-300 graduating students, two (2) awards; and
        (3) Over 300 graduating students, three (3) awards.
As added by P.L.2-2007, SEC.253.

IC 21-12-5-3
Renewal of award; conditions
    Sec. 3. A Hoosier scholar award may be renewed under termsestablished by the commission.
As added by P.L.2-2007, SEC.253.

IC 21-12-5-4
Amount of award; determination
    Sec. 4. The amount of the Hoosier scholar award shall bedetermined by the commission.
As added by P.L.2-2007, SEC.253.

IC 21-12-5-5
Amount of award; eligibility
    Sec. 5. The amount of an award for which a student is eligibleunder a Frank O'Bannon grant may not be reduced because of thereceipt by the student of a Hoosier scholar award under this section.A Hoosier scholar award may not be reduced because of the receiptof a Frank O'Bannon grant.
As added by P.L.2-2007, SEC.253.

IC 21-12-5-6
Hoosier scholar award fund
    Sec. 6. The auditor of state shall create a separate and segregatedHoosier scholar award fund distinct from the higher education awardfund and the freedom of choice grant fund.
As added by P.L.2-2007, SEC.253.

IC 21-12-5-7 Conditions on transfer of money in fund
    Sec. 7. Money may not be exchanged or transferred between theHoosier scholar award fund and the other funds.
As added by P.L.2-2007, SEC.253.

IC 21-12-5-8
Hoosier scholar award fund; conditions
    Sec. 8. All money disbursed from the Hoosier scholar award fundshall be in accordance with this chapter and IC 21-11.
As added by P.L.2-2007, SEC.253.

IC 21-12-5-9
Restrictions on reversion of money in fund
    Sec. 9. Money remaining in the Hoosier scholar award fund at theend of any fiscal year does not revert to the state general fund, butremains available to be used for making Hoosier scholar awardsunder this chapter.
As added by P.L.2-2007, SEC.253.