Sec. 1. The department shall distribute the amount appropriated by the general assembly for distribution as state tuition support in accordance with this article. If the appropriations for distribution as state tuition support are more than required under this article, any excess shall revert to the state general fund. The appropriations for state tuition support shall be made each state fiscal year under a schedule set by the budget agency and approved by the governor. However, the schedule must provide:
(1) for at least twelve (12) payments;
(2) that one (1) payment shall be made at least every forty (40) days; and
(3) the total of the payments in each state fiscal year must equal the amount required under this article.
[Pre-2006 Recodification Citation: subsection (a) formerly P.L.246-2005, SECTION 9 part.]
As added by P.L.2-2006, SEC.166. Amended by P.L.146-2008, SEC.481; P.L.205-2013, SEC.268.
Structure Indiana Code
Article 43. State Tuition Support
Chapter 2. Maximum State Distribution
20-43-2-1. Distribution Schedule; Reversions
20-43-2-2. Maximum Distributions; Excessive Distributions
20-43-2-3. Purposes for Distributions
20-43-2-4. Calculation of Reduction Amount
20-43-2-5. Year Round School; Adjusted Distribution
20-43-2-6. Adult Education; Transfer to Fund Obligations
20-43-2-7. Summer School Education; Transfer to Fund Obligations