Sec. 5. (a) The skills enhancement fund is established within the state treasury to be used exclusively for the purposes of this chapter.
(b) The fund consists of:
(1) appropriations from the general assembly; and
(2) money repaid to the corporation under section 7 of this chapter.
(c) The corporation shall administer the fund. The following may be paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.
(d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
As added by P.L.4-2005, SEC.34. Amended by P.L.237-2017, SEC.19; P.L.146-2018, SEC.1.
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