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IC 21-13-3-1
Nursing scholarship fund; established
Sec. 1. (a) The nursing scholarship fund is established:
(1) to encourage and promote qualified individuals to pursue a
career in nursing in Indiana; and
(2) to rectify the shortage of nurses in Indiana.
(b) The fund consists of the following:
(1) Appropriations by the general assembly.
(2) Gifts to the fund.
As added by P.L.2-2007, SEC.254.
IC 21-13-3-2
Administration of fund
Sec. 2. (a) The commission shall administer the fund.
(b) The expenses of administering the fund shall be paid from
money in the fund.
(c) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds. Interest that accrues from those
investments must be deposited in the fund.
(d) Money in the fund at the end of a fiscal year does not revert to
the state general fund but remains available to be used for providing
money for nursing scholarships under this chapter.
As added by P.L.2-2007, SEC.254. Amended by P.L.234-2007,
SEC.52.
IC 21-13-3-3
Use of fund; eligibility requirement; amount of award
Sec. 3. The money in the fund must be used to provide annual
scholarships to nursing students who qualify by demonstrating a
financial need and meeting the requirements in this chapter. An
annual scholarship awarded under this subsection is equal to the
lesser of the following amounts:
(1) The balance of the student's total cost of tuition or fees in
attending the eligible institution for the academic year.
(2) Five thousand dollars ($5,000).
As added by P.L.2-2007, SEC.254.
IC 21-13-3-4
Use of fund; approval of award
Sec. 4. A scholarship awarded under this chapter may be used
only for the payment of educational costs that are:
(1) approved by the approved postsecondary educational
institution that awards the scholarship; and
(2) not otherwise payable under any other scholarship or form
of financial assistance specifically designated for educational
costs.
IC 21-13-3-6
Qualifications for scholarship renewal
Sec. 6. To qualify for a scholarship renewal from the fund, a
nursing student must:
(1) comply with the criteria set forth in section 5 of this chapter;
(2) maintain at least the cumulative grade point average:
(A) that is required by an approved postsecondary
educational institution for admission to the approved
postsecondary educational institution; or
(B) equivalent to 2.0 on a 4.0 grading scale, as established
by the approved postsecondary educational institution, if the
institution's nursing program does not require a certain
minimum cumulative grade point average; and
(3) demonstrate a continuing financial need for the scholarship.
As added by P.L.2-2007, SEC.254.
IC 21-13-3-7
Term of student eligibility
Sec. 7. Subject to section 11 of this chapter, a scholarship
awarded may be renewed under section 6 of this chapter for a total
number of terms that does not exceed:
(1) eight (8) full-time (or part-time equivalent) semesters; or
(2) twelve (12) full-time (or part-time equivalent) quarters.
IC 21-13-3-9
Information; number of nursing students
Sec. 9. The commission for higher education shall provide the
commission with the most recent information concerning the number
of nursing students enrolled at each approved postsecondary
educational institution.
As added by P.L.2-2007, SEC.254.
IC 21-13-3-10
Allocation of fund
Sec. 10. The commission shall allocate the available money from
the fund to each approved postsecondary educational institution that
has a nursing program in proportion to the number of nursing
students enrolled at each approved postsecondary educational
institution based upon the information received from the commission
for higher education.
As added by P.L.2-2007, SEC.254.
IC 21-13-3-11
Determination of scholarship recipients
Sec. 11. Each approved postsecondary educational institution
shall determine the scholarship recipients under this chapter based
upon the criteria set forth in this chapter and the rules adopted by the
commission. In addition, the approved postsecondary educational
institution shall consider the need of the applicant when awarding
scholarships under this chapter.
As added by P.L.2-2007, SEC.254.
IC 21-13-3-12
Reallocation of fund
Sec. 12. Any funds that:
(1) are allocated to an approved postsecondary educational
institution; and
(2) are not used for scholarships under this chapter;
shall be returned to the commission for reallocation by the
commission to any other eligible institution in need of additional
funds.
As added by P.L.2-2007, SEC.254.
IC 21-13-3-14
Duties of eligible institutions
Sec. 14. Each eligible institution shall provide the commission
with information concerning the following:
(1) The awarding of scholarships under this chapter.
(2) The academic progress made by each recipient of a
scholarship under this chapter.
(3) Other pertinent information requested by the commission.
As added by P.L.2-2007, SEC.254.