CHAPTER 3. POWERS OF THE COMMISSION
IC 21-11-3
Chapter 3. Powers of the Commission
IC 21-11-3-1
Powers of commission
Sec. 1. The commission shall do the following:
(1) Prepare and supervise the issuance of public information
concerning this article and IC 21-12-2, IC 21-12-3, IC 21-12-4,
and IC 21-12-5.
(2) Prescribe the form and regulate the submission of
applications for higher education awards.
(3) Conduct conferences and interviews with applicants as may
be appropriate.
(4) Determine the eligibility of applicants.
(5) Select qualified applicants.
(6) Determine the respective amounts of, and award, the
appropriate higher education awards.
(7) Determine eligibility for, and award, annual renewals of
higher education awards.
(8) Act as the designated state agency for participation in any
federal program for reinsurance of student loans.
As added by P.L.2-2007, SEC.252.
IC 21-11-3-2
Duties of the commission
Sec. 2. The commission shall do the following:
(1) Prepare and supervise the issuance of public information
concerning all of the commission's programs.
(2) Prescribe the form and regulate the submission of
applications for all of the commission's programs.
(3) Determine the amounts of grants and scholarships.
(4) Determine eligibility for grants and scholarships.
(5) Receive federal funds made available to the commission for
awards, grants, and scholarships, and disburse these funds in the
manner prescribed by federal law.
(6) One (1) time every year, submit a report to the legislative
council that provides data and statistical information regarding
the number of individuals who received assistance under
IC 21-12-6 and IC 21-12-6.5. The report made to the legislative
council must be in an electronic format under IC 5-14-6.
As added by P.L.2-2007, SEC.252. Amended by P.L.100-2009,
SEC.1.
IC 21-11-3-3
Additional powers and duties of the commission
Sec. 3. The commission may do the following:
(1) Accept gifts, grants, devises, or bequests to provide grants,
awards, scholarships, loans, or other forms of financial aid to
students attending approved postsecondary educational
institutions.
(2) Enter into contracts, subject to IC 4-13-2, that the
commission determines are necessary to carry out the
commission's functions.
(3) Provide administrative or technical assistance to other
governmental or nongovernmental entities if the provision of
this assistance will increase the number and value of grants,
awards, scholarships, or loans available to students attending
approved postsecondary educational institutions.
(4) Sue and be sued in the name of the commission.
As added by P.L.2-2007, SEC.252.
IC 21-11-3-4
Procedures concerning gifts; grants; devices and bequests
Sec. 4. Whenever the commission receives an offer of a gift,
grant, devise, or bequest, the commission may accept a stipulation on
the use of the donated funds. In this case, IC 21-12-3-11 (higher
education award) and IC 21-12-4-4 (freedom of choice grant) do not
apply. Before accepting a gift, grant, devise, or bequest, the
commission shall determine that the purposes for which a donor
proposes to provide funds are:
(1) lawful;
(2) in the state's best interests; and
(3) generally consistent with the commission's programs and
purposes.
Whenever the commission agrees to a stipulation on the use of
donated funds, the commission and the donor, subject to approval by
the budget agency and the governor or the governor's designee, shall
execute an agreement.
As added by P.L.2-2007, SEC.252.
IC 21-11-3-5
Administrative and technical assistance
Sec. 5. (a) This section applies whenever the commission agrees
to provide administrative or technical assistance to other
governmental or nongovernmental entities to increase the number
and value of grants, awards, scholarships, or loans available to
students attending approved postsecondary educational institutions.
(b) The commission and the party to whom the assistance is to be
provided shall execute an agreement specifying:
(1) the assistance that is to be provided; and
(2) the charges, if any, that are to be assessed by the
commission for providing this assistance.
The commission may waive charges for administrative or technical
assistance under this section if the commission determines that a
waiver is in the best interest of the state. An agreement to provide
assistance must be approved by the budget agency and the governor
or the governor's designee.
As added by P.L.2-2007, SEC.252.