Sec. 19. Except as provided by federal law, if an individual receives a state or federal higher education award that is paid directly to an approved postsecondary educational institution for that individual's benefit: (1) the individual is not required to report the award as income or as a resource of the individual when applying for assistance administered under this chapter; and (2) the award may not be considered as income or a resource of the individual in determining initial or continuing eligibility for assistance administered under this article. [Pre-1992 Revision Citation: 12-1-2-19.]
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