2015 Indiana Code
TITLE 21. HIGHER EDUCATION
ARTICLE 13. OCCUPATIONAL SCHOLARSHIPS AND GRANTS
CHAPTER 6.5. MEDICAL RESIDENCY EDUCATION GRANTS
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IC 21-13-6.5
Chapter 6.5. Medical Residency Education Grants
IC 21-13-6.5-1
Medical residency education fund
Sec. 1. (a) The medical residency education fund is established to:
(1) expand medical education in Indiana; and
(2) encourage and promote qualified individuals to complete a
residency program in Indiana.
(b) The fund consists of the following:
(1) Appropriations by the general assembly.
(2) Gifts to the fund.
(c) The commission shall administer the fund. The expenses of
administering the fund shall be paid from 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. Interest that accrues
from those investments shall be deposited in the fund.
(e) Money in the fund at the end of a fiscal year does not revert to
the state general fund but remains available to be used to provide
money to fund residency program slots as described under this
chapter.
As added by P.L.190-2015, SEC.1.
IC 21-13-6.5-2
Purpose of the fund; use; matching funds requirement; application
Sec. 2. (a) Subject to subsection (b), the money in the fund must
be used to provide money to the following:
(1) A hospital licensed under IC 16-21 that is seeking to fund a
new residency program slot for a qualified individual to
complete a residency program in Indiana.
(2) A nonprofit organization that:
(A) is qualified as tax exempt under Section 501(c)(3) of the
Internal Revenue Code; and
(B) has the purpose of increasing residency positions in
Indiana by funding new residency program slots at hospitals
licensed under IC 16-21.
(b) A recipient of money from the fund must agree to provide
matching funds equal to at least twenty-five percent (25%) of the
money provided.
(c) The commission shall establish an application process for a
person seeking money from the fund.
(d) A person receiving funding under this chapter shall provide
any information requested by the commission that the commission
determines is necessary to administer this chapter.
As added by P.L.190-2015, SEC.1.
IC 21-13-6.5-3
Indiana Code 2015
Medical education board; information on the number of current
residency program slots
Sec. 3. The medical education board shall annually make available
to the commission the most recent information concerning the
number of current residency program slots in Indiana.
As added by P.L.190-2015, SEC.1.
Indiana Code 2015
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