Sec. 7. (a) The teacher higher education and industry collaboration grant program fund is established for the purposes of implementing the program described in section 6 of this chapter. (b) The fund consists of the following: (1) Appropriations by the general assembly. (2) Interest deposited in the fund under subsection (e). (c) The department 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 reverts to the state general fund.
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