CHAPTER 12. STATE TECHNOLOGY ADVANCEMENT AND RETENTION (STAR) ACCOUNT

IC 4-12-12
    Chapter 12. State Technology Advancement and Retention(STAR) Account

IC 4-12-12-1
Account established; purpose
    Sec. 1. The state technology advancement and retention (STAR)account is established within the state general fund. The purpose ofthe account is to provide funding for programs within Indiana thatare designed to:
        (1) advance and retain technology related enterprises withinIndiana; and
        (2) train and retain students with an emphasis on technology.
As added by P.L.96-2004, SEC.17.

IC 4-12-12-2
Budget agency; administration of account
    Sec. 2. The budget agency shall administer the STAR account.
As added by P.L.96-2004, SEC.17.

IC 4-12-12-3
Components of account
    Sec. 3. The account consists of money, including federal money,appropriated to the account by the general assembly and gifts andgrants to the account. An appropriation, a gift, or a grant may bedesignated for one (1) or more purposes listed in section 6 of thischapter.
As added by P.L.96-2004, SEC.17.

IC 4-12-12-4
Investment of account
    Sec. 4. The treasurer of state shall invest the money in the accountnot currently needed to meet the obligations of the account in thesame manner as other public funds may be invested.
As added by P.L.96-2004, SEC.17.

IC 4-12-12-5
Reversion of account
    Sec. 5. Money in the account at the end of a state fiscal yearreverts to the state general fund.
As added by P.L.96-2004, SEC.17.

IC 4-12-12-6
Dedicated uses of account
    Sec. 6. Money in the account that is not otherwise designatedunder section 3 of this chapter is annually dedicated to the following:
        (1) The certified school to career program and grants underIC 22-4.1-8.
        (2) The certified internship program and grants underIC 22-4.1-7.        (3) The Indiana economic development partnership fund underIC 4-12-10.
        (4) Minority training program grants under IC 22-4-18.1-11.
        (5) Technology apprenticeship grants under IC 20-20-32.
        (6) The back home in Indiana program under IC 22-4-18.1-12.
        (7) The Indiana schools smart partnership under IC 22-4.1-9.
        (8) The scientific instrument project within the department ofeducation.
        (9) The coal technology research fund under IC 21-47-4-5.
As added by P.L.96-2004, SEC.17. Amended by P.L.1-2005, SEC.59;P.L.2-2007, SEC.32.

IC 4-12-12-7
Expenses of administering account
    Sec. 7. Expenses for administering the account or any of theprograms funded from the account may be taken from the accountbut may not exceed two percent (2%) of the balance in the account.The budget agency must approve administrative expenses taken fromthe account.
As added by P.L.96-2004, SEC.17.