Indiana Code Title 21. Higher Education § 21-18-19-3

Sec. 3. (a) As used in this section, “approved intermediary” means an intermediary that has been approved and included on the list under section 1 of this chapter.

(b) The commission may award an intermediary capacity building grant to an approved intermediary for the purpose of increasing the capacity of an approved intermediary to serve a greater number of individuals.  The commission shall establish eligibility requirements for an approved intermediary to receive a grant.

(c) To receive a grant, an approved intermediary must apply to the commission in the manner prescribed by the commission.  The commission may award a one (1) time grant of not more than two hundred fifty thousand dollars ($250,000) to each approved intermediary that meets the requirements under this section.

(d) Not later than July 1, 2024, and not later than July 1, 2025, the commission shall submit a report to the governor and, in an electronic format under IC 5-14-6, to the general assembly that provides information regarding the grants awarded to approved intermediaries under this section.

(e) The commission may establish rules under IC 4-22-2 to implement this section.

(f) This section expires July 1, 2027.