Indiana Code 12-14-2-3. Amount of assistance; determination
Sec. 3. (a) Except as provided in subsection (b), when determining the amount of assistance, an accounting must be taken of any income or property of the child that the child may receive from another source.
Terms Used In Indiana Code 12-14-2-3
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) Money in an individual development account established under IC 4-4-28 that belongs to a child or a member of the child’s family.
(2) A Holocaust victim’s settlement payment received by the child or a member of the child’s family.
(3) Money earned by the child or a member of the child’s family as a student participating in:
(A) a paid internship;
(B) a work based learning course (as defined in IC 20-43-8-0.7); or
(C) paid postsecondary work experience that allows the individual to apply for a related apprenticeship (as defined by IC 20-43-8-0.3).
(4) Annual income of up to fifteen thousand dollars ($15,000) that is earned by an individual in the child’s household, if the income is earned by an individual who:
(A) resides in the household;
(B) is less than twenty-four (24) years of age; and
(C) earns the additional annual income while the individual is a student participating in or pursuing:
(i) a postsecondary degree;
(ii) a workforce certificate;
(iii) a pre-apprenticeship; or
(iv) an apprenticeship.
[Pre-1992 Revision Citation: 12-1-7-7 part.]
As added by P.L.2-1992, SEC.8. Amended by P.L.15-1997, SEC.4; P.L.128-1999, SEC.10; P.L.14-2020, SEC.4; P.L.168-2021, SEC.4.