(b) The commission shall administer the fund.
Terms Used In Indiana Code 21-12-7-1
- 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.
(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund but remains available to be used for providing money for twenty-first century scholarships under this chapter.
[Pre-2007 Higher Education Recodification Citation: 20-12-70.1-5 part.]
As added by P.L.2-2007, SEC.253. Amended by P.L.234-2007, SEC.58.