IC 22-4.1-21-39: Establishment of proprietary educational institution authorization fund; collection of fees and civil penalties

Sec. 39. (a) The proprietary educational institution authorization fund is established.

(b) The proprietary educational institution authorization fund shall be administered by the department.

(c) Money in the proprietary educational institution authorization fund at the end of a state fiscal year does not revert to the general fund.

(d) All fees and civil penalties collected by the department under this chapter shall be deposited in the proprietary educational institution authorization fund.

(e) Money in the proprietary educational institution authorization fund shall be used by the department to administer this chapter.