Sec. 3. (a) The next generation Hoosier minority educators scholarship fund is established for the purpose of providing scholarships to attract and retain eligible applicants to the teaching profession. (b) The fund consists of the following: (1) Appropriations made by the general assembly. (2) Gifts, grants, devises, or bequests made to the commission to achieve the purposes of the fund. (c) The commission shall administer the fund. (d) The expenses of administering the fund shall be paid from money in the fund. (e) 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. (f) Money in the fund at the end of a state fiscal year does not revert to the state general fund but remains available to be used for the purposes of this chapter. As added by P.L.161-2023, SEC.3.
IC 21-12-16.5-4 Commission for higher education duties Sec. 4. The commission shall do all the following: (1) Develop a promotional program to inform and attract students to participate in the next generation Hoosier minority educators scholarship program. (2) Establish protocols and procedures concerning the application process for the program. (3) Develop protocols, in consultation with accredited postsecondary educational institutions approved by the commission under section 10 of this chapter, to ensure successful completion of the program and assist graduates in completing the requirements of the program. (4) Establish, in coordination with the governor's office, a guide for the management of the program by commission personnel. (5) Designate personnel to manage the program. As added by P.L.161-2023, SEC.3.