Indiana Code Title 20. Education § 20-51.4-4-2

Sec. 2. (a) An eligible student who currently maintains an ESA account is entitled to an ESA annual grant amount for each school year until the student graduates or obtains a certificate of completion under the student's individualized education program.  An eligible student may not receive a grant under this section after graduating or obtaining a certificate of completion.  The ESA annual grant amount shall be paid from the ESA program fund.  The treasurer of state, with notice to the department, shall deposit the ESA annual grant amount under this section, in quarterly deposits, into an eligible student's ESA account in a manner established by the treasurer of state.

(b) Except as provided in subsection (c), at the end of the year in which an ESA account is established, the parent of an eligible student or the emancipated eligible student may roll over for use in a subsequent year a maximum of one thousand dollars ($1,000).  However, for each year thereafter, the parent of the eligible student or the emancipated eligible student may roll over one thousand dollars ($1,000) plus any amount rolled over in a previous year.

(c) An eligible student's ESA account shall terminate the later of:

Any money, including interest that remains in the eligible student's ESA account when it terminates under this subsection reverts to the state general fund.