2015 Indiana Code

Download as PDF IC 20-25.7-7 Chapter 7. Innovation Network School Grant IC 20-25.7-7-1 Establishment of fund Sec. 1. (a) The innovation network school grant fund is established to provide grants to: (1) an innovation network school established under IC 20-25.7-4-3; or (2) an innovation network school that participates in the career pathways pilot program under IC 20-25.7-6. (b) The fund shall be administered by the state board. (c) The fund consists of the following: (1) Appropriations made by the general assembly. (2) Gifts, grants, or donations. (3) Interest accruing from investment of money in the fund. (d) 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. (e) Interest that accrues from investments of the fund shall be deposited in the fund. As added by P.L.214-2015, SEC.2. IC 20-25.7-7-2 Administration of grants Sec. 2. (a) The state board shall determine the amount of a grant based on the plan submitted by a board. (b) The state board shall develop criteria for awarding a grant under this section, including documentation requirements that must be included with the plan. (c) A board shall apply for a grant under this section in a manner prescribed by the state board. (d) The state board may adopt rules under IC 4-22-2 or guidelines necessary to administer this section. As added by P.L.214-2015, SEC.2. Indiana Code 2015

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