IC 20-20.5-18-7: Connecting students with careers fund; administration

Sec. 7. (a) The fund consists of the following:

(1) Gifts to the fund.

(2) Grants, including grants from private entities.

(b) The expenses of administering the fund shall be paid from money in the fund.

(c) 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 money may be invested. Interest that accrues from these investments shall be deposited into the fund.

(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund.