IC 22-4.1-27-8: Establishment of workforce diploma reimbursement program fund

Sec. 8. (a) The workforce diploma reimbursement program fund is established for the purpose of providing payments under the program to approved eligible program providers that assist adults who are more than twenty-two (22) years of age in:

(1) developing employability and career technical skills; and

(2) obtaining high school diplomas.

(b) The fund consists of the following:

(1) Appropriations made by the general assembly.

(2) Gifts, grants, devises, or bequests made to the department to achieve the purposes of the fund.

(c) The department shall administer the fund.

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

(e) 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 funds may be invested. Interest that accrues from these investments shall be deposited in the fund.