Indiana § 20-43-2-7.5 - Transfer from the state tuition reserve account to the state general fund; distributions for choice scholarships; limit on transfer
Full text of Indiana Indiana Code § 20-43-2-7.5 — Transfer from the state tuition reserve account to the state general fund; distributions for choice scholarships; limit on transfer, with citation guidance and answers to common questions.
§ 20-43-2-7.5. Transfer from the state tuition reserve account to the state general fund; distributions for choice scholarships; limit on transfer
Sec. 7.5. (a) Before July 1 of each year, the budget agency, with the assistance of the department, shall estimate the amount of the distributions that will be made for choice scholarships for the following state fiscal year.
(b) In a state fiscal year beginning after June 30, 2016, the budget agency may transfer money from the state tuition reserve account to the state general fund if the budget director, after review by the budget committee, makes a determination that the amount of the distribution for that state fiscal year for basic tuition support has been reduced under section 3 of this chapter because the amount of the distributions for choice scholarships for the state fiscal year exceeds the latest estimate prepared by the legislative services agency and provided to members of the general assembly before May 1 of the most recent odd-numbered year concerning the amount of the distributions for choice scholarships for the state fiscal year beginning July 1 of the particular state fiscal year. The maximum amount that may be transferred to the state general fund under this subsection for the state fiscal year may not exceed the lesser of:
(1) the amount of the reduction in basic tuition support distributions described in this subsection; or
(2) twenty-five million dollars ($25,000,000).
Any amounts transferred under this subsection shall be used to augment the appropriation for state tuition support for the state fiscal year and shall be distributed to school corporations to restore the distributions for basic tuition support that are reduced under section 3 of this chapter.
(c) Transfers under this section are in addition to any transfers made from the state tuition reserve account under IC 4-12-1-15.7 or any other law.
As added by P.L.205-2013, SEC.271. Amended by P.L.213-2015, SEC.209; P.L.186-2016, SEC.1; P.L.217-2017, SEC.118; P.L.108-2019, SEC.220.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-43-2-7.5
What does Indiana Code § 20-43-2-7.5 cover?
Section 20-43-2-7.5 ("Transfer from the state tuition reserve account to the state general fund; distributions for choice scholarships; limit on transfer") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-43-2-7.5?
A common citation format is "Indiana Code § 20-43-2-7.5" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-43-2-7.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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