IC 20-51.4-4-3.6: Indiana education scholarship account donation fund; purpose; administration

Sec. 3.6. (a) The Indiana education scholarship account donation fund is established for the purpose of accepting donations for the Indiana education scholarship account program to support administration of the program.

(b) The department shall administer the fund.

(c) The fund consists of the following:

(1) Donations, gifts, and money received from any other source, including transfers from other funds or accounts.

(2) Interest deposited in the fund under subsection (d).

(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) Money in the fund is continuously appropriated for 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 but remains in the fund for the purposes of the fund.