Sec. 5. (a) The skills enhancement fund is established within the state treasury to be used exclusively for the purposes of this chapter.
(b) The fund consists of:
(1) appropriations from the general assembly; and
(2) money repaid to the corporation under section 7 of this chapter.
(c) The corporation shall administer the fund. The following may be paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.
(d) 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 may be invested. Interest that accrues from these investments shall be deposited in the fund.
As added by P.L.4-2005, SEC.34. Amended by P.L.237-2017, SEC.19; P.L.146-2018, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 7. Training 2000 Program and Fund
5-28-7-2. Training Program; Policies; Promotional Materials; Eligibility; Continuing Operations
5-28-7-4. Participation; Eligibility
5-28-7-5. Skills Enhancement Fund
5-28-7-5.5. Limitation for Eligibility of Grants
5-28-7-6. Grants Supporting Cooperative Arrangements for Training Students
5-28-7-7. Notice of Noncompliance; Return or Repayment of Grants