Sec. 7. Except as provided by federal law, if an individual receives a state or federal higher education award that is paid directly to an approved postsecondary educational institution for the individual's benefit:
(1) the individual is not required to report the award as income or as a resource of the individual when applying for assistance for a dependent child under this chapter; and
(2) the award may not be considered as income or a resource of the individual in determining initial or continuing eligibility for assistance for a dependent child under this chapter.
[Pre-1992 Revision Citation: 12-1-7-5.2.]
As added by P.L.2-1992, SEC.8. Amended by P.L.2-2007, SEC.159.
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