2016 Indiana Code
TITLE 21. HIGHER EDUCATION
ARTICLE 12. GENERAL SCHOLARSHIPS AND GRANTS
CHAPTER 1.2. GENERAL PROVISIONS
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<![CDATA[IC 21-12-1.2
Chapter 1.2. General Provisions
IC 21-12-1.2-1
Transfer of funds
Sec. 1. The commission may order the auditor of state to transfer
money among the freedom of choice grant fund, the higher education
award fund, the twenty-first century scholars fund, and the adult
student grant fund as needed to meet the obligations of the funds for
a particular state fiscal year. The auditor of state shall make a
transfer ordered by the commission with the approval of the budget
director and the governor.
As added by P.L.234-2015, SEC.4.
IC 21-12-1.2-2
Transfer of funds at end of state fiscal year
Sec. 2. (a) At the end of each state fiscal year, the commission
shall determine the amount of the appropriation remaining in the
following funds:
(1) Higher education award fund established under
IC 21-12-3-19.
(2) Freedom of choice grant fund established under
IC 21-12-4-5.
(3) Twenty-first century scholars fund established by
IC 21-12-6-2.
(4) Adult student grant fund established by IC 21-12-8-1.
(b) At the end of each state fiscal year, the commission may order
the auditor of state to transfer money among the funds listed in
subsection (a) if the commission determines that the remaining
appropriation in a particular fund could be used by eligible
applicants for an award under another fund listed in subsection (a) in
the following state fiscal year. The auditor of state shall make the
transfer ordered by the commission with the approval of the budget
director and the governor.
As added by P.L.234-2015, SEC.4.
Indiana Code 2016
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