Section 20-43-8-15.5 - [Effective Until 7/1/2024] Credential completion grant; determination of grant amount(a) This section applies to a student who: (1) has legal settlement in Indiana;(2) is at least five (5) years of age and less than twenty-two (22) years of age on the date in the school year specified in IC 20-33-2-7;(3) is enrolled in grade 10, 11, or 12 in Indiana; and(4) meets one (1) of the following requirements:(A) The student: (i) successfully completed a modern youth apprenticeship or course sequence designated and approved under IC 20-51.4-4.5-6(a); and(ii) received an industry recognized credential with regard to the apprenticeship or course sequence.(B) The student successfully completed any other credential approved under subsection (h).(b) As used in this section, "CSA participating entity" has the meaning set forth in IC 20-51.4-2-3.2.(c) Subject to subsection (l), upon a student described in subsection (a) meeting the requirements under subsection (a)(4)(A) or (a)(4)(B), if the student is enrolled in an accredited or nonaccredited school that has one (1) or more employees, the department shall award a credential completion grant in an amount equal to five hundred dollars ($500) to the accredited or nonaccredited school.(d) Subject to subsection (l), upon a student described in subsection (a) meeting the requirements under subsection (a)(4)(A) or (a)(4)(B), and in addition to the grant amount awarded under subsection (c), the department shall award a credential completion grant in an amount equal to five hundred dollars ($500) to the CSA participating entity that provided the apprenticeship or course sequence described in subsection (a)(4)(A) or (a)(4)(B) that the student completed.(e) A CSA participating entity that receives a grant amount under subsection (d) may enter into an agreement with one (1) or more intermediaries (as defined in IC 22-4-2-41) or other CSA participating entities to share a grant amount received under subsection (d).(f) An accredited or nonaccredited school that is also a CSA participating entity may receive, if eligible, a grant award under:(3) both subsections (c) and (d).(g) The department shall distribute the grants awarded under this section.(h) The department, in consultation with the governor's workforce cabinet, shall approve and maintain a list of credentials that are eligible for a credential completion grant under subsection (a)(4)(B).(i) The department shall approve a CSA provider that is also an employer who has partnered with an approved intermediary to offer an apprenticeship, modern youth apprenticeship, or program of study that culminates in an approved credential. The department may revoke an initial approval under this subsection if the provider fails to achieve an adequate outcome as determined by the department.(j) A grant awarded under this section to an eligible school (as defined in IC 20-51-1-4.7) does not count toward a student's choice scholarship amount calculated under IC 20-51-4-5 and is not subject to the maximum choice scholarship cap under IC 20-51-4-4.(k) The state board may adopt rules under IC 4-22-2 to implement this section.(l) The total amount of grants that may be awarded in a state fiscal year under this section may not exceed five million dollars ($5,000,000).(m) If the total amount to be distributed as credential completion grants for a particular state fiscal year exceeds the maximum amount allowed under subsection (l) for a state fiscal year, the total amount to be distributed as credential completion grants shall be proportionately reduced so that the total reduction equals the amount of the excess.(n) The amount of the reduction described in subsection (m) for a particular recipient is equal to the total amount of the excess multiplied by a fraction. The numerator of the fraction is the amount of the credential completion grant that the recipient would have received if a reduction were not made under this section. The denominator of the fraction is the total amount that would be distributed as credential completion grants to all recipients if a reduction were not made under this section.Added by P.L. 201-2023,SEC. 208, eff. 6/29/2023.This section is set out more than once due to postponed, multiple, or conflicting amendments.