2015 Indiana Code TITLE 20. EDUCATION ARTICLE 25.7. INNOVATION NETWORK SCHOOLS CHAPTER 7. INNOVATION NETWORK SCHOOL GRANT
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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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