State Codes and Statutes
Statutes > Indiana > Title21 > Ar12 > Ch7IC 21-12-7
Chapter 7. Twenty-First Century Scholars Program Support Fund;
Grants for Textbooks, Equipment, and Other Material
IC 21-12-7-1
Twenty-first century scholars program support fund;
administration
Sec. 1. (a) The twenty-first century scholars program support fund
is established to provide reimbursements to scholarship recipients to
offset educational support costs incurred by scholarship recipients.
(b) The commission shall administer the fund.
(c) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested.
(d) Money in the fund at the end of a state fiscal year does not
revert to the state general fund but remains available to be used for
providing money for twenty-first century scholarships under this
chapter.
As added by P.L.2-2007, SEC.253. Amended by P.L.234-2007,
SEC.58.
IC 21-12-7-2
Money in fund
Sec. 2. The fund consists of money donated to the fund by
contributors. Financial assistance awarded under this chapter is
subject to the availability of money in the fund.
As added by P.L.2-2007, SEC.253.
IC 21-12-7-3
Forms; certification; reimbursements
Sec. 3. (a) A scholarship recipient may apply to the commission,
on forms provided by the commission, for financial assistance from
the fund.
(b) The scholarship recipient shall certify to the commission that
the scholarship recipient has incurred educational support costs that
were not included in the scholarship award received by the
scholarship recipient under IC 21-12-6.
(c) Upon verification by the commission of the information
provided by the scholarship recipient and subject to the availability
of money in the fund, the commission shall reimburse to the
scholarship recipient the amount of money requested by the
scholarship recipient.
(d) The commission shall provide the reimbursements under this
section in the order in which the applications are received.
As added by P.L.2-2007, SEC.253.
IC 21-12-7-4
Contributor tax credit
Sec. 4. A contributor to the fund is entitled to an income tax credit
under IC 6-3-3-5.1.
As added by P.L.2-2007, SEC.253.
