CHAPTER 5. HOOSIER SCHOLAR AWARD PROGRAM
IC 21-12-5
Chapter 5. Hoosier Scholar Award Program
IC 21-12-5-1
Hoosier scholar award program; established
Sec. 1. There is established the Hoosier scholar award program,
to be administered by the commission.
As added by P.L.2-2007, SEC.253.
IC 21-12-5-2
Eligibility
Sec. 2. The commission shall make a Hoosier scholar award each
year to the top ranking students, as certified by the school
corporation, of each high school graduating class in Indiana who will
be attending an eligible institution. The number of awards given shall
be determined by the size of the graduating class as follows:
(1) 1-50 graduating students, one (1) award;
(2) 51-300 graduating students, two (2) awards; and
(3) Over 300 graduating students, three (3) awards.
As added by P.L.2-2007, SEC.253.
IC 21-12-5-3
Renewal of award; conditions
Sec. 3. A Hoosier scholar award may be renewed under terms
established by the commission.
As added by P.L.2-2007, SEC.253.
IC 21-12-5-4
Amount of award; determination
Sec. 4. The amount of the Hoosier scholar award shall be
determined by the commission.
As added by P.L.2-2007, SEC.253.
IC 21-12-5-5
Amount of award; eligibility
Sec. 5. The amount of an award for which a student is eligible
under a Frank O'Bannon grant may not be reduced because of the
receipt by the student of a Hoosier scholar award under this section.
A Hoosier scholar award may not be reduced because of the receipt
of a Frank O'Bannon grant.
As added by P.L.2-2007, SEC.253.
IC 21-12-5-6
Hoosier scholar award fund
Sec. 6. The auditor of state shall create a separate and segregated
Hoosier scholar award fund distinct from the higher education award
fund and the freedom of choice grant fund.
As added by P.L.2-2007, SEC.253.
IC 21-12-5-7
Conditions on transfer of money in fund
Sec. 7. Money may not be exchanged or transferred between the
Hoosier scholar award fund and the other funds.
As added by P.L.2-2007, SEC.253.
IC 21-12-5-8
Hoosier scholar award fund; conditions
Sec. 8. All money disbursed from the Hoosier scholar award fund
shall be in accordance with this chapter and IC 21-11.
As added by P.L.2-2007, SEC.253.
IC 21-12-5-9
Restrictions on reversion of money in fund
Sec. 9. Money remaining in the Hoosier scholar award fund at the
end of any fiscal year does not revert to the state general fund, but
remains available to be used for making Hoosier scholar awards
under this chapter.
As added by P.L.2-2007, SEC.253.