2021 Indiana Code
Title 20. Education
Article 32. Student Standards, Assessments, and Performance
Chapter 8.7. Student Learning Recovery Grant Program and Fund
20-32-8.7-12. Establishment of Fund
Sec. 12. (a) The student learning recovery grant program fund is established for the purpose of providing grants to eligible entities under the program.
(b) The department shall administer the fund.
(c) The fund consists of the following:
(1) Appropriations by the general assembly.
(2) Interest deposited in the fund under subsection (d).
(3) Donations, gifts, and money received from any other source, including transfers from other funds or accounts.
(d) The treasurer of state shall invest money in the fund not currently needed to meet the obligations of the fund in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the fund.
(e) All money accruing to the fund is appropriated continuously for the purposes of the fund.
(f) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.167-2021, SEC.1.
