Note: This version of section amended by P.L.201-2023, SEC.222, effective until 7-1-2026. See also following version of this section amended by P.L.202-2023, SEC.52, effective until 7-1-2026, and following version of this section amended by P.L.213-2025, SEC.214, effective 7-1-2026.
Sec. 3.5. (a) The Indiana education scholarship account administration fund is established for the purpose of accepting money for the Indiana education scholarship account program to support administration of the program.
(b) The treasurer of state shall administer the fund.
(c) The fund consists of the following:
(1) Appropriations by the general assembly.
(2) Interest deposited in the fund under subsection (d).
(d) The treasurer of state shall invest money in the fund not currently needed to meet the obligations of the fund in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the fund.
(e) Money in the fund at the end of a state fiscal year reverts to the state general fund.