Note: This version of section amended by P.L.213-2025, SEC.237, effective 7-1-2026. See also preceding repeal of this section by P.L.214-2025, SEC.211, effective 7-1-2025.
Sec. 4. (a) If it is reasonably expected by the department that a CSA participating entity will receive, from payments made under the CSA program, more than one hundred thousand dollars ($100,000) during a particular school year, the CSA participating entity shall, on or before a date prescribed by the department, provide the department evidence, in a manner prescribed by the department, indicating that the CSA participating entity has unencumbered assets sufficient to pay the department an amount equal to the amount expected to be paid to the CSA participating entity under the CSA program during the particular school year.
(b) Each CSA participating entity that accepts payments made from a CSA account under this article shall provide a receipt to the parent of a career scholarship student or to the emancipated career scholarship student for each payment made.