Sec. 26. (a) As used in this section, "fund" means the postsecondary credit bearing proprietary educational institution authorization fund established by subsection (b).
(b) The postsecondary credit bearing proprietary educational institution authorization fund is established.
(c) The fund shall be administered by the commission (as defined in IC 21-18.5-2-7.).
(d) Money in the fund at the end of a state fiscal year does not revert to the general fund.
(e) All fees collected by the board for proprietary education under this chapter shall be deposited in the fund.
(f) Money in the fund shall be used by the board for proprietary education to administer this chapter.
As added by P.L.107-2012, SEC.58. Amended by P.L.13-2013, SEC.63; P.L.273-2013, SEC.28.
Structure Indiana Code
Chapter 6. Postsecondary Credit Bearing Proprietary Educational Institution Accreditation
21-18.5-6-2. Authorization Required; Exception for Religious Institution
21-18.5-6-2.5. Accreditation Required; Exception for Religious Institution
21-18.5-6-3. Applications; Fee
21-18.5-6-4. Applications; Contents
21-18.5-6-5. Curriculum Catalog and Promotional Brochure; Contents
21-18.5-6-6. Career College Student Assurance Fund; Administration
21-18.5-6-7. Quarterly Contributions to Fund; Determination
21-18.5-6-11. Authorization Standards
21-18.5-6-12. Issuance of Authorization
21-18.5-6-17. Liability of Institution as Principal
21-18.5-6-19. Remedy; Damages or Other Relief
21-18.5-6-21. Remedy; Void Contracts
21-18.5-6-22. Misrepresentation
21-18.5-6-22.5. Deceptive Acts