Sec. 13. (a) The high value workforce ready grant program implementation fund is established to award high value workforce ready grants authorized under this chapter and to administer the grant program.

     (b) The fund consists of the following:

Terms Used In Indiana Code 21-12-8-13

  • 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.
(1) Money appropriated by the general assembly.

(2) Money received from state or federal grants or programs.

(3) Donations, gifts, and money received from any other source, including transfers from other funds or accounts.

     (c) The fund shall be administered by the department of workforce development and the commission.

     (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 are invested.

     (f) 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 exclusively for the purposes of the fund.

As added by P.L.230-2017, SEC.34.

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