Indiana Code 21-12-3-20. Unspent scholarship money; use
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Terms Used In Indiana Code 21-12-3-20
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 20. If at the end of a fiscal year part of the money appropriated for that year for the purposes of this chapter remains unspent, it may be spent for those purposes during the next fiscal year, or it may be transferred to another fund under this article as directed by the commission under IC 21-12-1.2-2.
[Pre-2007 Higher Education Recodification Citation: 20-12-21-12.]
As added by P.L.2-2007, SEC.253. Amended by P.L.234-2015, SEC.7.