Indiana Code 20-51.4-4-2. Eligibility for grant amount; termination of an account
(b) Except as provided in subsection (c), at the end of the year in which an ESA account is established, the parent of an eligible student or the emancipated eligible student may roll over for use in a subsequent year a maximum of one thousand dollars ($1,000). However, for each year thereafter, the parent of the eligible student or the emancipated eligible student may roll over one thousand dollars ($1,000) plus any amount rolled over in a previous year.
Terms Used In Indiana Code 20-51.4-4-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(1) the date the student graduates high school; or
(2) July 1 of the year in the year which the student graduates high school.
Any money, including interest that remains in the eligible student’s ESA account when it terminates under this subsection reverts to the state general fund.
As added by P.L.165-2021, SEC.180. Amended by P.L.132-2022, SEC.5; P.L.202-2023, SEC.50.