Title 21, TITLE 21. HIGHER EDUCATION

Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.165-1996, SEC.1.

Sec. 10. "Contributor" means any individual, emancipated minor, trust, estate, partnership, association, company, corporation, or qualified custodian under the Uniform Transfers to Minors act (IC 30-2-8.5) that makes a deposit for the benefit of an account beneficiary. As added b…

As added by P.L.25-1999, SEC.4. Repealed by P.L.135-2002, SEC.30.

Sec. 11. "Education savings program" means: (1) a trust program; or (2) any other program established under IC 21-9-3 that qualifies as a qualified state tuition program under Section 529 of the Internal Revenue Code. As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.2…

Sec. 12. "Endowment fund" means the endowment fund established under IC 21-9-5 for the benefit of the education savings programs that: (1) may be funded periodically from gifts, bequests, devises, or other donations, or from any source not otherwise provided for; and (2) may not …

As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.

Sec. 14. "Financial institution" means a bank, a commercial bank, a national bank, a savings bank, a savings and loan, a thrift, a credit union, an insurance company, a trust company, an investment company, a mutual fund, or similar entity that meets the qualifying requirements e…

Sec. 15. "General operating fund" means the general operating fund established under IC 21-9-5 from which general operating, administrative, and capital expenses (other than those payable from the administrative account) may be paid. As added by P.L.165-1996, SEC.1.

As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.9. Repealed by P.L.2-2007, SEC.390.

Sec. 16.5. "Internal Revenue Code" means the Internal Revenue Code of 1986 of the United States as amended from time to time. As added by P.L.135-2002, SEC.10.

As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.

Sec. 17.5. (a) "Member of the family" means an individual who is one (1) of the following relatives of a designated beneficiary: (1) A lineal descendant of the designated beneficiary. (2) A lineal ancestor of the designated beneficiary. (3) A brother, sister, stepbrother, or step…

Sec. 18. "Program account" means the program account of the trust fund established under IC 21-9-5. A program account is comprised of: (1) trust accounts; and (2) other contributions or money received in trust by the authority together with allocable earnings (whether interest, g…

As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.

Sec. 19.5. "Qualified higher education expenses" has the meaning set forth in Section 529 of the Internal Revenue Code. As added by P.L.25-1999, SEC.6. Amended by P.L.135-2002, SEC.13.

Sec. 19.7. "Rollover distribution" means a rollover as defined in Section 529 of the Internal Revenue Code. As added by P.L.25-1999, SEC.7. Amended by P.L.135-2002, SEC.14.

Sec. 2. "Account" or "individual account" means a trust account or any other account of an education savings program. As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.3.

As added by P.L.165-1996, SEC.1. Repealed by P.L.85-2000, SEC.6.

As added by P.L.165-1996, SEC.1. Repealed by P.L.85-2000, SEC.6.

As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.

Sec. 22.1. "Trust account" means a trust account established by a contributor in the trust program by or for the benefit of an account beneficiary. As added by P.L.135-2002, SEC.15.

Sec. 23. "Trust fund" means the trust fund created under IC 21-9-5 for purposes of any trust program under IC 21-9-7 and IC 21-9-8. As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.16.

Sec. 24. "Trust program" means the Indiana family college savings trust program established under IC 21-9-3. As added by P.L.165-1996, SEC.1.

Sec. 3. "Account beneficiary" means the individual who is: (1) designated as the beneficiary of an account at the time the account is established under this article; and (2) designated as the new beneficiary when beneficiaries are changed. As added by P.L.165-1996, SEC.1. Amended…

Sec. 4. "Account owner" means the individual, an emancipated minor, a trust, an estate, a partnership, an association, a company, a corporation, or a qualified custodian under the Uniform Transfers to Minors act (IC 30-2-8.5) that is designated as having the right to do the follo…

As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.

Sec. 6. "Administrative account" means the administrative account of the trust fund established under IC 21-9-5 that may be funded periodically from appropriations by the general assembly. As added by P.L.165-1996, SEC.1.

As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.

Sec. 8. "Authority" means the Indiana education savings authority created under IC 21-9-3. As added by P.L.165-1996, SEC.1.

Sec. 9. "Board" means the board of directors of the authority established under IC 21-9-4. As added by P.L.165-1996, SEC.1.

Sec. 9.5. "Contribution" means a payment directly allocated to an account for the benefit of an account beneficiary or used to pay fees associated with the account. As added by P.L.25-1999, SEC.3. Amended by P.L.135-2002, SEC.5.

Sec. 1. (a) This section applies to a person called to active duty after September 11, 2001. (b) When determining financial eligibility for a Frank O'Bannon grant, the commission may exclude any salary for service on active duty. [Pre-2007 Higher Education Recodification Citation…

veteran students; determination of financial aid eligibility Sec. 2. (a) This section applies to an individual who receives financial benefits or financial resources from the following sources: (1) The Servicemen's Readjustment Act of 1944, as amended, and other acts of Congress …

Sec. 0.5. As used in this chapter, "scholarship" refers to the William A. Crawford minority teacher scholarship provided to individuals who qualify for the scholarship under section 4 of this chapter. As added by P.L.148-2016, SEC.2.

established Sec. 1. The William A. Crawford minority teacher scholarship fund is established: (1) to encourage and promote qualified minority individuals to pursue a career in teaching in state accredited schools accredited under IC 20-31-4.1 in Indiana; (2) to enhance the number…

[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-8(a).] As added by P.L.2-2007, SEC.254. Amended by P.L.197-2007, SEC.16. Repealed by P.L.107-2012, SEC.33.

[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-8(b).] As added by P.L.2-2007, SEC.254. Amended by P.L.107-2012, SEC.34. Repealed by P.L.205-2013, SEC.322.

[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-8(c).] As added by P.L.2-2007, SEC.254. Amended by P.L.205-2013, SEC.323. Repealed by P.L.148-2016, SEC.7.

[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-8(d).] As added by P.L.2-2007, SEC.254. Repealed by P.L.205-2013, SEC.324.

[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-10.] As added by P.L.2-2007, SEC.254. Repealed by P.L.148-2016, SEC.8.

[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-11.] As added by P.L.2-2007, SEC.254. Repealed by P.L.205-2013, SEC.325.

As added by P.L.205-2013, SEC.326. Repealed by P.L.121-2016, SEC.29; P.L.148-2016, SEC.9.

Sec. 2. (a) The commission shall administer the fund. (b) The expenses of administering the fund shall be paid from money in the fund. (c) 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 othe…

Sec. 3. Money in the fund shall be used to provide annual scholarships to individuals who qualify for a scholarship under section 4 of this chapter. [Pre-2007 Higher Education Recodification Citation: 20-12-21.7-7(a) part.] As added by P.L.2-2007, SEC.254. Amended by P.L.205-2013…

Sec. 4. An individual qualifies for an initial scholarship from the fund if the individual: (1) is a minority student; (2) is admitted to an eligible institution as a full-time student or already attends an eligible institution as a full-time student; (3) either: (A) intends to p…

[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-9.1(a).] As added by P.L.2-2007, SEC.254. Amended by P.L.197-2007, SEC.15. Repealed by P.L.205-2013, SEC.319.

Sec. 6. A scholarship may be renewed under this chapter for a total scholarship award that does not exceed the number of academic terms that constitutes four (4) undergraduate academic years. However, an eligible institution may not grant a scholarship renewal to a student for an…

Sec. 7. To qualify for a scholarship renewal from the fund, a minority student that qualified for the initial scholarship under section 4 of this chapter must: (1) comply with the criteria in section 4 of this chapter; and (2) maintain at least the cumulative grade point average:…

Sec. 8. (a) Except as provided in this chapter, a scholarship is equal to the lesser of the following amounts: (1) The balance of the student's total cost of attendance for the academic year. (2) Four thousand dollars ($4,000). (b) If the total of all scholarships awarded under t…

[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-7(c).] As added by P.L.2-2007, SEC.254. Repealed by P.L.148-2016, SEC.6.