reglab/housing_qa huggingface dataset:
IN Code § 21-7-15-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 7. State Universities|Chapter 15. Purdue University: Endowment Fund|21-7-15-4. Fund Investment

Sec. 4. The fund or any part of the fund may be invested in securities bearing the rate of interest that is obtainable as follows:(1) In bonds, notes, or certificates that are the obligations of, or guaranteed by, the United States.(2) In:(A) bonds of any territory or insular possession of the United States;(B) bonds, notes, warrants, certificates, or orders of the state of Indiana; or(C) any political subdivision, instrumentality, or agency of the state of Indiana;issued under authority of law.[Pre-2007 Higher Education Recodification Citation: 21-7-11-3(a).]As added by P.L.2-2007, SEC.245.
IN Code § 21-7-15-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 7. State Universities|Chapter 15. Purdue University: Endowment Fund|21-7-15-5. Loans From Fund

Sec. 5. Notwithstanding any other law to the contrary, the treasurer of state:(1) on the terms that the treasurer of state prescribes; and(2) without the approval of the state board of finance;may make loans from the principal of the fund to the board of trustees of Purdue University.[Pre-2007 Higher Education Recodification Citation: 21-7-11-3(b).]As added by P.L.2-2007, SEC.245.
IN Code § 21-9-1-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 1. Purposes|21-9-1-1. Purposes of Article

Sec. 1. The following are the purposes of this article:(1) To encourage education and the means of education.(2) To encourage attendance at a college or university.(3) To provide families additional means of striving for postsecondary education through an education savings program that may be established under this article.(4) To help provide the benefits of postsecondary education to the people of Indiana.(5) To promote the economic development of the state by creating opportunities for a more highly educated workforce.(6) To increase employment opportunities in Indiana.(7) To encourage a working partnership among the people of Indiana, including Indiana families, and elementary and secondary schools, colleges or universities, financial institutions, and state government in furthering a greater rate of savings and greater participation in higher education.As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.1; P.L.135-2002, SEC.2; P.L.2-2007, SEC.246.
IN Code § 21-9-2-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-1. Applicability of Definitions

Sec. 1. The definitions in this chapter apply throughout this article.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-2-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-2. "Account" or "Individual Account"

Sec. 2. "Account" or "individual account" means a trust account or any other account of an education savings program.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.3.
IN Code § 21-9-2-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-3. "Account Beneficiary"

Sec. 3. "Account beneficiary" means the individual who is:(1) designated as the beneficiary of an account at the time the account is established under this article; and(2) designated as the new beneficiary when beneficiaries are changed.As added by P.L.165-1996, SEC.1. Amended by P.L.25-1999, SEC.1.
IN Code § 21-9-2-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-4. "Account Owner"

Sec. 4. "Account owner" means the individual, an emancipated minor, a trust, an estate, a partnership, an association, a company, a corporation, or a qualified custodian under the Uniform Transfers to Minors act (IC 30-2-8.5) that is designated as having the right to do the following:(1) Select or change the designated beneficiary of an account.(2) Designate a person other than the designated beneficiary as a person to whom funds may be paid from the account.(3) Receive distributions from the account if no other person is designated.As added by P.L.165-1996, SEC.1. Amended by P.L.25-1999, SEC.2; P.L.135-2002, SEC.4.
IN Code § 21-9-2-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-6. "Administrative Account"

Sec. 6. "Administrative account" means the administrative account of the trust fund established under IC 21-9-5 that may be funded periodically from appropriations by the general assembly.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-2-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-8. "Authority"

Sec. 8. "Authority" means the Indiana education savings authority created under IC 21-9-3.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-2-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-9. "Board"

Sec. 9. "Board" means the board of directors of the authority established under IC 21-9-4.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-2-9.5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-9.5. "Contribution"

Sec. 9.5. "Contribution" means a payment directly allocated to an account for the benefit of an account beneficiary or used to pay fees associated with the account.As added by P.L.25-1999, SEC.3. Amended by P.L.135-2002, SEC.5.
IN Code § 21-9-2-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-10. "Contributor"

Sec. 10. "Contributor" means any individual, emancipated minor, trust, estate, partnership, association, company, corporation, or qualified custodian under the Uniform Transfers to Minors act (IC 30-2-8.5) that makes a deposit for the benefit of an account beneficiary.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.6.
IN Code § 21-9-2-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-11. "Education Savings Program"

Sec. 11. "Education savings program" means:(1) a trust program; or(2) any other program established under IC 21-9-3 that qualifies as a qualified state tuition program under Section 529 of the Internal Revenue Code.As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.2; P.L.135-2002, SEC.7.
IN Code § 21-9-2-12 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-12. "Endowment Fund"

Sec. 12. "Endowment fund" means the endowment fund established under IC 21-9-5 for the benefit of the education savings programs that:(1) may be funded periodically from gifts, bequests, devises, or other donations, or from any source not otherwise provided for; and(2) may not include any appropriations by the general assembly.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-2-14 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-14. "Financial Institution"

Sec. 14. "Financial institution" means a bank, a commercial bank, a national bank, a savings bank, a savings and loan, a thrift, a credit union, an insurance company, a trust company, an investment company, a mutual fund, or similar entity that meets the qualifying requirements established by the authority.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.8.
IN Code § 21-9-2-15 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-15. "General Operating Fund"

Sec. 15. "General operating fund" means the general operating fund established under IC 21-9-5 from which general operating, administrative, and capital expenses (other than those payable from the administrative account) may be paid.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-2-16.5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-16.5. "Internal Revenue Code"

Sec. 16.5. "Internal Revenue Code" means the Internal Revenue Code of 1986 of the United States as amended from time to time.As added by P.L.135-2002, SEC.10.
IN Code § 21-9-2-17.5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-17.5. "Member of the Family"

Sec. 17.5. (a) "Member of the family" means an individual who is one (1) of the following relatives of a designated beneficiary:(1) A lineal descendant of the designated beneficiary.(2) A lineal ancestor of the designated beneficiary.(3) A brother, sister, stepbrother, or stepsister of the designated beneficiary.(4) A stepparent of the designated beneficiary.(5) A stepchild of the designated beneficiary.(6) A niece or nephew of the designated beneficiary.(7) An aunt or uncle of the designated beneficiary.(8) An individual related to the designated beneficiary as follows:(A) A daughter-in-law.(B) A son-in-law.(C) A mother-in-law.(D) A father-in-law.(E) A sister-in-law.(F) A brother-in-law.(G) A first cousin.(9) The spouse of the designated beneficiary or the spouse of an individual described in subdivisions (1) through (8).(b) For purposes of this section, an adopted child of an individual is treated as a natural child of the individual.(c) For purposes of this section, the terms brother and sister include a brother or sister by the half blood.As added by P.L.25-1999, SEC.5. Amended by P.L.135-2002, SEC.11.
IN Code § 21-9-2-18 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-18. "Program Account"

Sec. 18. "Program account" means the program account of the trust fund established under IC 21-9-5. A program account is comprised of:(1) trust accounts; and(2) other contributions or money received in trust by the authority together with allocable earnings (whether interest, gains, or dividends) and other contributions appropriately made or money properly allocable to the program account.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.12.
IN Code § 21-9-2-19.5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-19.5. "Qualified Higher Education Expenses"

Sec. 19.5. "Qualified higher education expenses" has the meaning set forth in Section 529 of the Internal Revenue Code.As added by P.L.25-1999, SEC.6. Amended by P.L.135-2002, SEC.13.
IN Code § 21-9-2-19.7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-19.7. "Rollover Distribution"

Sec. 19.7. "Rollover distribution" means a rollover as defined in Section 529 of the Internal Revenue Code.As added by P.L.25-1999, SEC.7. Amended by P.L.135-2002, SEC.14.
IN Code § 21-9-2-22.1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-22.1. "Trust Account"

Sec. 22.1. "Trust account" means a trust account established by a contributor in the trust program by or for the benefit of an account beneficiary.As added by P.L.135-2002, SEC.15.
IN Code § 21-9-2-23 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-23. "Trust Fund"

Sec. 23. "Trust fund" means the trust fund created under IC 21-9-5 for purposes of any trust program under IC 21-9-7 and IC 21-9-8.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.16.
IN Code § 21-9-2-24 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 2. Definitions|21-9-2-24. "Trust Program"

Sec. 24. "Trust program" means the Indiana family college savings trust program established under IC 21-9-3.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-3-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 3. Indiana Education Savings Authority|21-9-3-1. Creation of Authority

Sec. 1. The Indiana education savings authority is created.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-3-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 3. Indiana Education Savings Authority|21-9-3-2. Authority as Body Corporate and Politic; Not Agency of State

Sec. 2. (a) The authority is a body corporate and politic.(b) The authority:(1) is not an agency of the state; and(2) is an instrumentality of the state performing essential governmental functions.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-3-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 3. Indiana Education Savings Authority|21-9-3-3. Establishment of Education Savings Programs

Sec. 3. The authority may establish any number of education savings programs.As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.3; P.L.135-2002, SEC.17.
IN Code § 21-9-3-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 3. Indiana Education Savings Authority|21-9-3-4. Exemptions From State Taxation

Sec. 4. Because the management and operation of the education savings programs and all funds and accounts established under this article constitute the performance of an essential public function, the following are exempt from taxation by the state and by any political subdivision of the state:(1) The authority's management and operations.(2) The authority's property and assets.(3) All property and assets held by or for the authority except individual accounts.(4) The investment income and earnings (whether interest, gains, or dividends) on:(A) the authority's property and assets; and(B) all property and assets held by or for the authority;including all funds and accounts established under this article except individual accounts.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-3-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 3. Indiana Education Savings Authority|21-9-3-5. Power to Contract

Sec. 5. The authority may contract with public or private entities or persons for the provision of all or any portion of the services the board considers necessary for the management and operations of the authority, including the education savings programs and all funds and accounts of the authority.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-4-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-1. Board of Directors; Members; Vacancy; Chairperson; Removal

Sec. 1. (a) The board of directors of the authority is established. The board consists of the following:(1) The following four (4) ex officio members or directors:(A) The treasurer of state.(B) The secretary of education.(C) The Indiana commissioner for higher education.(D) The budget director.(2) Five (5) appointed members or directors who:(A) are appointed by the governor; and(B) have knowledge, skill, and experience in academic, business, financial, or education fields.(b) During a member's term of service on the board, an appointed member of the board may not be an official or employee of the state.(c) Not more than three (3) of the appointed members of the board may belong to the same political party.(d) An appointed member serves a four (4) year term. An appointed member shall hold over after the expiration of the member's term until the member's successor is appointed and qualified.(e) The governor may reappoint an appointed member of the board.(f) A vacancy shall be filled for the balance of an unexpired term in the same manner as the original appointment.(g) The treasurer of state shall serve as chairman of the board. The board shall annually elect one (1) of its ex officio members as vice chairman, and may elect any other officer that the board desires.(h) The governor may remove an appointed member for misfeasance, malfeasance, willful neglect of duty, or other cause after notice and a public hearing, unless the member expressly waives the notice and hearing in writing.As added by P.L.165-1996, SEC.1. Amended by P.L.2-2007, SEC.247; P.L.43-2021, SEC.139.
IN Code § 21-9-4-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-2. Salary; Reimbursement

Sec. 2. (a) An appointed member of the board is not entitled to the minimum salary per diem provided by IC 4-10-11-2.1(b). Each appointed member is, however, entitled to reimbursement for traveling expenses and other expenses actually incurred in connection with the member's duties.(b) An ex officio member of the board is entitled to reimbursement for traveling expenses and other expenses actually incurred in connection with the member's duties.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-4-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-3. Designation of Ex Officio Member

Sec. 3. An ex officio member of the board may designate a person to serve as an ex officio member of the board in the absence of the ex officio member.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-4-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-4. Power of Board to Employ Manager and Delegate Functions

Sec. 4. The board may:(1) employ a manager, who is not a member of the board; and(2) delegate necessary and appropriate functions and authority to the manager.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-4-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-5. Quorum; Meetings

Sec. 5. (a) Five (5) members of the board are a quorum for:(1) the transaction of business at a meeting of the board; or(2) the exercise of a power or function of the authority.(b) The affirmative vote of a majority of all the members of the board who are present is necessary for the authority to take action. A vacancy in the membership of the board does not impair the right of a quorum to exercise all the rights and perform all the duties of the authority. An action taken by the board under this article may be authorized by:(1) resolution at any regular or special meeting; or(2) unanimous consent of all the members who have not abstained.A resolution takes effect immediately upon adoption and need not be published or posted.(c) The board shall meet at the call of the chairman and as provided in the bylaws of the authority.(d) Meetings of the board may be held anywhere in Indiana.As added by P.L.165-1996, SEC.1. Amended by P.L.134-2012, SEC.23.
IN Code § 21-9-4-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-6. Authority as Public Agency; Board as Governing Body

Sec. 6. (a) The authority is a public agency for purposes of IC 5-14-1.5 and IC 5-14-3.(b) The board is a governing body for purposes of IC 5-14-1.5.As added by P.L.165-1996, SEC.1.
IN Code § 21-9-4-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-7. Powers of Board

Sec. 7. In addition to any power granted by this article, the board has all powers necessary or convenient to carry out and effectuate the purposes and objectives of this article, the purposes and objectives of the education savings programs, and the powers delegated by law or executive order, including the following powers:(1) To develop and implement the education savings programs and, notwithstanding any provision in this article to the contrary, other services consistent with the purposes and objectives of this article, through:(A) rules or emergency rules adopted under IC 4-22-2; or(B) rules, guidelines, procedures, or policies established by the board and approved by the commission for higher education.(2) To conform the education savings programs and, notwithstanding any provision in this article to the contrary, services consistent with the purposes and objectives of this article, to the requirements of a qualified state tuition program set forth in Section 529 of the Internal Revenue Code and all applicable federal regulations, through:(A) rules or emergency rules adopted under IC 4-22-2; or(B) guidelines, procedures, or policies established by the board.(3) To retain professional services, including the following:(A) Financial advisers and managers.(B) Custodians and other fiduciaries.(C) Investment advisers and managers.(D) Accountants and auditors.(E) Consultants or other experts.(F) Actuarial services providers.(G) Attorneys.(4) To establish minimum account deposit amounts (both initial and periodic).(5) To employ persons, if the board chooses, and as may be necessary, and to fix the terms of their employment.(6) To recommend legislation to the governor and general assembly.(7) To apply for designation as a tax exempt entity under the Internal Revenue Code.(8) To adopt such rules, bylaws, procedures, guidelines, and policies as are necessary to carry out the education savings programs and services and the authority's management and operations.(9) To sue and be sued.(10) To provide or facilitate provision of benefits and incentives for the benefit of qualified beneficiaries, account owners, contributors, or account beneficiaries as the board's resources allow or as are directed or provided for by the general assembly.(11) To conform the education savings programs to federal tax advantages or incentives, as in existence periodically, to the extent consistent with the purposes and objectives of this article.(12) To interpret, in rules, policies, guidelines, and procedures, the provisions of this article broadly in light of the purposes and objectives of this article.(13) To charge, impose, and collect administrative fees and service charges in connection with any agreement, contract, or transaction under an education savings program or services.(14) To have perpetual succession.As added by P.L.165-1996, SEC.1. Amended by P.L.25-1999, SEC.8; P.L.135-2002, SEC.18; P.L.2-2007, SEC.248.
IN Code § 21-9-4-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 9. Education Savings Programs|Chapter 4. Authority Board of Directors and Officers|21-9-4-8. Annual Report by Authority

Sec. 8. The authority shall prepare an annual report for the education savings programs and services and promptly transmit the annual report to the governor and the general assembly. The authority shall make available, upon request, copies of the annual report to qualified beneficiaries, account owners, and the public. A report transmitted under this section to the general assembly must be in an electronic format under IC 5-14-6.As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.19; P.L.28-2004, SEC.157.