Indiana § 21-12-3-6 - Financial resources available to student
Full text of Indiana Indiana Code § 21-12-3-6 — Financial resources available to student, with citation guidance and answers to common questions.
§ 21-12-3-6. Financial resources available to student
Sec. 6. In determining the financial resources available to a student for a higher education award, the commission may not consider principal or interest, including an original issue discount that qualifies as interest excludable from gross income for federal income tax purposes, on a bond that is:
(1) issued by a:
(A) public body corporate and politic of the state; or
(B) state educational institution;
designated by the governor as a college savings bond and purchased after December 31, 1989; or
(2) a United States savings bond purchased after December 31, 1989, if the interest is claimed as exempt from federal taxation under Section 135 of the Internal Revenue Code.
[Pre-2007 Higher Education Recodification Citation: 20-12-21-6.2.]
As added by P.L.2-2007, SEC.253.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-12-3-6
What does Indiana Code § 21-12-3-6 cover?
Section 21-12-3-6 ("Financial resources available to student") 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 § 21-12-3-6?
A common citation format is "Indiana Code § 21-12-3-6" (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 § 21-12-3-6 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
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.