Note: This version of section amended by P.L.201-2023, SEC.219, effective 5-4-2023. See also following version of this section amended by P.L.202-2023, SEC.48, effective 7-1-2023, and following repeal of this section by P.L.213-2025, SEC.210, effective 7-1-2026. Sec. 7. For each school year, the treasurer of state shall determine, based on the amount of funds available for the program, the number of grants that the treasurer of state will award under the program. The number of applications approved and the number of grants awarded under this article by the treasurer of state for the school year may not exceed the number determined by the treasurer of state under this section. IC 20-51.4-3-7 Determination of the number of grant awards; deduction of amounts to cover administrative costs Note: This version of section amended by P.L.202-2023, SEC.48, effective 7-1-2023. See also preceding version of this section amended by P.L.201-2023, SEC.219, effective 5-4-2023, and following repeal of this section by P.L.213-2025, SEC.210, effective 7-1-2026. Sec. 7. (a) For each school year, the treasurer of state shall determine, based on the amount of funds available for the ESA program, the number of grants that the treasurer of state will award under the ESA program. The number of applications approved and the number of grants awarded under the ESA program by the treasurer of state for the school year may not exceed the number determined by the treasurer of state under this section. (b) The treasurer of state may deduct the following amounts from the funds made available for the ESA program to cover costs of managing ESA accounts and administering the ESA program: (1) For the first year of the ESA program, not more than ten percent (10%) of the funds made available to cover the costs described in this subsection. (2) For each year thereafter, not more than five percent (5%) of the funds made available to cover the costs described in this subsection. Any amount deducted under this subsection shall be deposited in the Indiana education scholarship account administration fund established by IC 20-51.4-4-3.5 . (c) The treasurer of state may deduct the following amounts from the funds made available for the CSA program to cover costs of managing CSA accounts and administering the CSA program: (1) For the first year of the CSA program, not more than ten percent (10%) of the funds made available to cover the costs described in this subsection. (2) For each year thereafter, not more than five percent (5%) of the funds made available to cover the costs described in this subsection. Any amount deducted under this subsection shall be deposited in the career scholarship account administration fund established by IC 20-51.4-4.5-5 . IC 20-51.4-3-7 Repealed Note: This repeal of section by P.L.213-2025, SEC.210, effective 7-1-2026. See also preceding version of this section amended by P.L.201-2023, SEC.219, effective 5-4-2023, and preceding version of this section amended by P.L.202-2023, SEC.48, effective 7-1-2023. IC 20-51.4-4 Chapter 4. ESA Program Fund and Accounts 20-51.4-4-1 Establishment of accounts; ESA agreement; terms 20-51.4-4-1 Establishment of accounts; ESA agreement; terms 20-51.4-4-2 Eligibility for grant amount; termination of an account 20-51.4-4-2 Eligibility for grant amount; termination of an account 20-51.4-4-3 Indiana education scholarship account program fund; uses; administration 20-51.4-4-3 Indiana education scholarship account program fund; uses; administration 20-51.4-4-3 Indiana education scholarship account program fund; uses; administration 20-51.4-4-3.5 Indiana education scholarship account administration fund; uses; administration of the program 20-51.4-4-3.5 Indiana education scholarship account administration fund; uses; administration of the program; permitted transfer of funds 20-51.4-4-3.5 Indiana education scholarship account administration fund; uses; administration of the program 20-51.4-4-3.6 Indiana education scholarship account donation fund; purpose; administration 20-51.4-4-3.6 Indiana education scholarship account donation fund; purpose; administration 20-51.4-4-4 Calculation of annual grant amount 20-51.4-4-5 Proration of grant amount 20-51.4-4-5 Proration of grant amount 20-51.4-4-6 Notice to parent; written explanation of authorized uses 20-51.4-4-6 Notice to parent; written explanation of authorized uses 20-51.4-4-7 Limitation on use of grant amount for transportation fees 20-51.4-4-7 Limitation on use of grant amount for transportation fees 20-51.4-4-8 Payment of ESA qualified expenses from other sources 20-51.4-4-9 Payment refunds 20-51.4-4-10 Freezing of an account; notice; petition; termination 20-51.4-4-10 Freezing of an account; notice; petition; termination 20-51.4-4-11 Public school not required to provide services 20-51.4-4-12 Tax treatment; qualification for other programs
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