reglab/housing_qa huggingface dataset:
IN Code § 21-9-4-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-9. Acceptance of Gifts, Bequests, Donations, and Devises by Authority

Sec. 9. (a) The authority may accept gifts, bequests, donations, and devises of personal and real property:(1) as trustees for the maintenance, use, or benefit of the authority, the education savings programs, or the endowment fund; or(2) to be administered for other public or charitable purposes for the benefit or use of account owners or account beneficiaries.(b) The authority may receive, accept, hold, administer, and use any property transferred to the authority by gift, bequest, donation, or devise in accordance with the terms, conditions, obligations, liabilities, and burdens imposed on the gift, bequest, donation, or devise if, in the judgment of the board, the action is in the best interest of the authority, the education savings programs, the endowment fund, account owners, contributors, or account beneficiaries, as applicable.(c) The authority may accept a gift, devise, donation, or bequest made for the purpose of providing an annuity on conditions consistent with the conditions set forth in IC 21-30-3-3 and IC 21-30-3-4 (relating to boards of trustees of state educational institutions).(d) The authority may, if not inconsistent with the terms and conditions of a gift of real property:(1) sell, convey, or otherwise dispose of the real property; and(2) invest, reinvest, or use the proceeds as, in the judgment of the board, is of the greatest benefit to the authority, the education savings programs, the endowment fund, account beneficiaries, and account owners.(e) When acting under the powers granted by this article and also with respect to the money in the endowment fund and the program account as provided in IC 21-9-5 and IC 21-9-7, the members serve as trustees of private trusts, subject to the terms and conditions of the trust program or the gift, bequest, donation, or devise and law applicable to private trusts.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.20; P.L.2-2007, SEC.249.
IN Code § 21-9-4-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-10. Duties of Manager of Authority

Sec. 10. A manager or another person designated by resolution of the authority:(1) shall keep a record of the proceedings of the authority;(2) shall be custodian of:(A) all books, documents, and papers filed with the authority; and(B) the minute book or journal of the authority; and(3) may copy all minutes and other records and documents of the authority and may give certificates of the authority to the effect that the copies are true copies. A person who deals with the authority may rely upon the certificates.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-4-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-11. Surety Bond

Sec. 11. Before the adoption and implementation of any education savings program, the:(1) chairman;(2) vice chairman;(3) manager; and(4) any officer elected by the authority or member of the authority authorized by resolution to handle funds or sign checks;shall execute a surety bond in the penal sum of one hundred thousand dollars ($100,000). The surety bond shall be conditioned upon the faithful performance of the duties of the office of the principal and shall be executed by a surety company authorized to transact business in Indiana. The authority shall pay the cost of the bonds.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-4-12 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-12. Duties of Authority

Sec. 12. The authority shall do the following:(1) Provide the board and each member, officer, employee, consultant, counsel, and agent of the authority or the board a defense in a suit arising out of the performance of duties for or on behalf of the authority or the board, if the board determines that the duties were performed in good faith.(2) Save a person described in subdivision (1) or the board harmless from any liability, cost, or damage in connection with an action arising out of the performance of duties for or on behalf of the authority or the board, including the payment of any legal fees, except where the liability, cost, or damage is predicated on, or arises out of, the bad faith of the person or the board, or is based on the person's or board's malfeasance in the performance of duties.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-4-13 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-13. Conflicts of Interest

Sec. 13. Notwithstanding any other law, it is not a conflict of interest or violation of any other law for a person to serve as a member of the authority. However, a member shall disclose a conflict of interest relating to actions of the authority as required and in a manner provided by IC 35-44.1-1-4.As added by P.L.165-1996, SEC.1. Amended by P.L.126-2012, SEC.38.
IN Code § 21-9-5-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 5. Funds and Accounts|21-9-5-1. Establishment of Funds

Sec. 1. The following are established:(1) The general operating fund.(2) The endowment fund.(3) The trust fund and, in the trust fund, the following:(A) The administrative account.(B) The program account.As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.4.
IN Code § 21-9-5-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 5. Funds and Accounts|21-9-5-2. Investment Policies for General Operating Fund, Administrative Account, and Other Money

Sec. 2. The authority shall establish and implement investment policies in accordance with IC 5-13 for the following:(1) Money in the general operating fund.(2) Money in the administrative account.(3) Any other money of the authority other than money in:(A) the endowment fund; and(B) the program account.As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.5.
IN Code § 21-9-5-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 5. Funds and Accounts|21-9-5-4. Investment Policies for Endowment Fund and Program Account

Sec. 4. The board shall establish and implement investment policies for money in:(1) the endowment fund; and(2) the program account;for investment in the manner provided by IC 30-4-3-3.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-5-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 5. Funds and Accounts|21-9-5-5. Use of Trust Fund

Sec. 5. The trust fund and other property of the authority must be preserved, invested, and expended only under this article and may not be used for any other purpose. The trust fund shall be held in trust for account owners and account beneficiaries.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-5-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 5. Funds and Accounts|21-9-5-7. Criteria for Management of Assets in Trust Fund

Sec. 7. Criteria for management of assets in the trust fund, including investment of assets, must provide for both asset protection and income growth relative to expected tuition costs while providing for the actuarial soundness of the trust fund.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-5-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 5. Funds and Accounts|21-9-5-8. Payment of Authority's Expenses

Sec. 8. (a) General operating, administrative, and capital expenses of the authority may be paid from amounts appropriated for those purposes by the general assembly. Appropriations must be deposited in either the administrative account or the general operating fund, as the board determines to be appropriate.(b) Subject to IC 21-9-6-3, money in the administrative account shall be used first to pay the general operating, administrative, and capital expenses of the authority. Before money in the program account may be used for these expenses, the authority must exhaust all other funds available to the authority, including money in the endowment fund and the administrative account.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-5-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 5. Funds and Accounts|21-9-5-9. Annual Audit of Authority

Sec. 9. (a) The funds, accounts, management, and operations of the authority are subject to annual audit by an independent public accounting firm retained by the board.(b) The authority shall promptly transmit copies of each annual audit to the governor and the general assembly. Upon request, the authority shall make available copies of the audit to qualified beneficiaries, account owners, and the public.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-7-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 7. Indiana Family College Savings Programs|21-9-7-1. Powers of Board

Sec. 1. In addition to any other powers granted by this article, the board has all powers necessary or convenient to carry out and effectuate the purposes and objectives of this chapter and IC 21-9-8, the purposes and objectives of an education savings program that may be established under this article, and the powers delegated by other laws or executive orders, including the following:(1) To establish policies and procedures to govern distributions from accounts that are not:(A) made on account of the death or disability of an account beneficiary;(B) made on account of the receipt of a scholarship (or allowance or payment described in Section 135(d)(1)(B) or (C) of the Internal Revenue Code) by the account beneficiary to the extent the amount of the distribution does not exceed the amount of the scholarship, allowance, or payment; or(C) rollovers.(2) To establish penalties for withdrawals of money from accounts that are not used exclusively for the qualified higher education expenses of an account beneficiary unless a circumstance described in subdivision (1) applies.(3) To establish policies and procedures regarding the transfer of individual accounts and the designation of substitute account beneficiaries.(4) To establish policies and procedures for withdrawal of money from accounts for, or in reimbursement of, qualified higher education expenses.(5) To enter into agreements with account owners, account beneficiaries, and contributors, with the agreements naming:(A) the account owner; and(B) the account beneficiary.(6) To establish accounts for account beneficiaries. However:(A) the authority shall establish a separate account for each account beneficiary; and(B) an individual may be the beneficiary of more than one (1) account.(7) To enter into agreements with financial institutions relating to accounts as well as deposits, withdrawals, penalties, allocation of benefits or incentives, and transfers of accounts, account owners, and account beneficiaries.(8) To conform the education savings program to federal tax advantages or incentives, as the advantages or incentives may exist periodically, to the extent consistent with the purposes and objectives of this article.(9) To interpret, in rules, policies, guidelines, and procedures, the provisions of this article broadly considering the purposes and objectives of this article.As added by P.L.165-1996, SEC.1. Amended by P.L.25-1999, SEC.9; P.L.135-2002, SEC.21.
IN Code § 21-9-7-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 7. Indiana Family College Savings Programs|21-9-7-4. Property of Account Owner

Sec. 4. Money deposited in an account by the account owner or a contributor and investment returns on an account are the property of the account owner.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-7-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 7. Indiana Family College Savings Programs|21-9-7-7. Use of Funds as Loan Security Prohibited

Sec. 7. Funds held in an account of an education savings program that may be established under this article may not be used by an account owner or account beneficiary as security for a loan.As added by P.L.25-1999, SEC.12. Amended by P.L.135-2002, SEC.24.
IN Code § 21-9-7-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 7. Indiana Family College Savings Programs|21-9-7-8. Maximum Account Balance

Sec. 8. (a) Contributions to an account may not exceed the amount necessary to provide for the qualified higher education expenses of the account beneficiary.(b) The authority shall adopt rules or emergency rules under IC 4-22-2 to determine the maximum account balance applicable to all accounts of account beneficiaries with the same expected year of enrollment.As added by P.L.25-1999, SEC.13. Amended by P.L.135-2002, SEC.25.
IN Code § 21-9-7-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 7. Indiana Family College Savings Programs|21-9-7-9. Authorization to Adopt Rules to Establish a Penalty

Sec. 9. The authority may adopt rules or emergency rules under IC 4-22-2 to establish a penalty for a distribution that is not used exclusively for the qualified higher education expenses of an account beneficiary. However, the authority may not establish a penalty for distributions described in IC 21-9-7-1(1).As added by P.L.25-1999, SEC.14. Amended by P.L.135-2002, SEC.26.
IN Code § 21-9-8-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 8. Indiana Family College Savings Trust Program|21-9-8-1. College Choice Plan; Administration of Trust Funds

Sec. 1. (a) The board shall establish a trust program known as the college choice plan.(b) The board shall administer any trust fund established under this article, including the college choice plan, in a manner designed to be actuarially sound, so that the assets of the trust fund are sufficient to defray the obligations of the trust fund, including the program account.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.27.
IN Code § 21-9-8-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 8. Indiana Family College Savings Trust Program|21-9-8-2. Deposits of Money; Division of Trust Fund Into Separate Accounts

Sec. 2. (a) The money received under the trust program, including the college choice plan, by the authority from account owners and contributors for the benefit of account beneficiaries shall be deposited in the program account.(b) Any appropriations made by the general assembly for:(1) operating, administrative, and capital expenses;(2) benefits and incentives; or(3) any other purpose related to the trust program or the trust fund;shall be deposited in the administrative account.(c) The money received under the trust program by the authority by gift, bequest, donation, or devise or from a source that is not described in subsection (a) or (b) shall be deposited:(1) in the endowment fund for the benefit of the trust program; or(2) to individual accounts as determined by the board to be appropriate.(d) The board may divide the trust fund into further separate accounts. The accounts of the trust fund may be divided into separate subaccounts as the board may determine periodically.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.28.
IN Code § 21-9-10-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 10. Miscellaneous Provisions|21-9-10-1. Purchases; Acquisition and Disposition of Property

Sec. 1. The authority may:(1) contract for the purchase of supplies, goods, or services; and(2) acquire and dispose of any real or personal property without regard to IC 4-13 and IC 5-22.As added by P.L.165-1996, SEC.1. Amended by P.L.49-1997, SEC.62.
IN Code § 21-9-10-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 10. Miscellaneous Provisions|21-9-10-2. Exemption of Accounts From State Taxation

Sec. 2. (a) Accounts and all earnings or interest on accounts are exempt from taxation in Indiana to the extent that those accounts, earnings, and interest are exempt from federal taxation under the Internal Revenue Code, subject to any penalties that are established for education savings programs under this article.(b) Distributions under IC 6-3-2-19 from an account used to pay qualified higher education expenses are exempt from the adjusted gross income tax imposed by IC 6-3-1 through IC 6-3-7.As added by P.L.165-1996, SEC.1. Amended by P.L.15-2001, SEC.2; P.L.135-2002, SEC.29.
IN Code § 21-9-10-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 10. Miscellaneous Provisions|21-9-10-3. No Responsibility by State or Higher Education Institutions to Fulfill Obligations of Authority

Sec. 3. This article may not be construed as an obligation of the state or a college or university to assume any responsibility for fulfilling any obligation of the authority or any education savings program.As added by P.L.165-1996, SEC.1. Amended by P.L.2-2007, SEC.251.
IN Code § 21-9-10-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 10. Miscellaneous Provisions|21-9-10-4. Liberal Construction of Article

Sec. 4. This article shall be construed liberally to effectuate the purposes and objectives of this article. The purposes and objectives of this article and the provisions of this article that grant powers shall be broadly interpreted to effectuate the article's purposes and objectives and not to imply any limitation of powers.As added by P.L.165-1996, SEC.1.
IN Code § 21-12-1-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-1. Definitions

Sec. 1. The definitions in this chapter apply throughout this article.[2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.253.
IN Code § 21-12-1-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-2. "Academic Term"

Sec. 2. "Academic term" means a semester, a trimester, a quarter, or any other equivalent term set forth by an eligible institution and used to divide an academic year into periods in which classes are held.[Pre-2007 Higher Education Recodification Citation: 20-12-22.1-1.]As added by P.L.2-2007, SEC.253. Amended by P.L.281-2013, SEC.2.
IN Code § 21-12-1-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-3. "Academic Year"

Sec. 3. "Academic year" means the period from September 1 of a year through August 31 of the next year.[Pre-2007 Higher Education Recodification Citations: 20-12-21-3(1); 20-12-22.1-2.]As added by P.L.2-2007, SEC.253.
IN Code § 21-12-1-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-4. "Active Duty"

Sec. 4. "Active duty" means full-time service in:(1) the National Guard (as defined in IC 10-16-1-13); or(2) any reserve component of the:(A) Indiana National Guard; or(B) armed forces;that exceeds thirty (30) consecutive days in a calendar year.[Pre-2007 Higher Education Recodification Citation: 20-12-21-5.1(f) part.]As added by P.L.2-2007, SEC.253.
IN Code § 21-12-1-4.5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-4.5. "Adult Student Grant"

Sec. 4.5. "Adult student grant" refers to a monetary award under IC 21-12-8 from the adult student grant fund.As added by P.L.234-2015, SEC.1.
IN Code § 21-12-1-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-5. "Approved Secondary School"

Sec. 5. "Approved secondary school" means:(1) a public high school located in Indiana; and(2) any school, located in or outside Indiana, that in the judgment of the secretary of education provides a course of instruction at the secondary level and maintains standards of instruction substantially equivalent to those of public high schools located in Indiana.[Pre-2007 Higher Education Recodification Citations: 20-12-21-3(3); 20-12-22.1-4.]As added by P.L.2-2007, SEC.253. Amended by P.L.43-2021, SEC.140.
IN Code § 21-12-1-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-6. "Commission"

Sec. 6. "Commission" refers to the commission for higher education.[Pre-2007 Higher Education Recodification Citation: 20-12-70-1.]As added by P.L.2-2007, SEC.253. Amended by P.L.107-2012, SEC.14.
IN Code § 21-12-1-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-7. "Contributor"

Sec. 7. "Contributor" means an individual or a for profit corporation, partnership, or other for profit entity.[Pre-2007 Higher Education Recodification Citation: 20-12-70.1-2.]As added by P.L.2-2007, SEC.253.
IN Code § 21-12-1-7.5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-7.5. "Credit Hours"

Sec. 7.5. "Credit hours" refers to credit hours used in a traditional semester school, in which an associate degree typically requires sixty (60) credit hours and a baccalaureate degree typically requires one hundred twenty (120) credit hours.As added by P.L.281-2013, SEC.3.
IN Code § 21-12-1-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-8. "Eligible Institution"

Sec. 8. "Eligible institution", for the purposes of:(1) IC 21-12-6, refers to a postsecondary educational institution that qualifies as an eligible institution under IC 21-12-6-4; and(2) IC 21-12-8, refers to a postsecondary educational institution that:(A) operates in Indiana;(B) is either operated by the state or operated nonprofit;(C) operates an organized program of postsecondary education leading to a technical certificate, nursing diploma, or associate or baccalaureate degree; and(D) is accredited by:(i) a recognized regional accrediting agency;(ii) the board for proprietary education under IC 21-18.5-6;(iii) the Indiana state board of nursing; or(iv) the department of workforce development under IC 22-4.1-21.[Pre-2007 Higher Education Recodification Citation: 20-12-22.1-3.]As added by P.L.2-2007, SEC.253. Amended by P.L.107-2012, SEC.15; P.L.152-2018, SEC.11.
IN Code § 21-12-1-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-9. "Eligible Student"

Sec. 9. "Eligible student" refers to an individual who qualifies to participate in the twenty-first century scholars program under IC 21-12-6-5.[2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.253.
IN Code § 21-12-1-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 12. General Scholarships and Grants|Chapter 1. General Provisions; Definitions|21-12-1-10. "Frank O'bannon Grant"

Sec. 10. "Frank O'Bannon grant" refers to grants designated as the following:(1) The higher education award.(2) The freedom of choice award.[Pre-2007 Higher Education Recodification Citation: 20-12-21-5.1(f) part.]As added by P.L.2-2007, SEC.253.