SB 89-3_ Filed 01/30/2012, 09:26 Simpson



    I move
that Senate Bill 89 be amended to read as follows:

SOURCE: Page 1, line 1; (12)MO008904.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 20-20-23-2; (12)MO008904.1. -->     "SECTION 1. IC 20-20-23-2, AS ADDED BY P.L.1-2005, SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]: Sec. 2. (a) The innovative education projects fund is established for funding special experimental demonstration projects that involve the innovative use of teachers, methods, systems, materials, or programs for preschool, elementary school, or secondary school students that may have a special value in promoting effective educational programs in Indiana. The state board shall administer the fund.
    (b) The fund may be used only for projects created under this chapter and shall be used to provide teacher training and materials to a school that offers a course described in IC 20-30-6-18.
    (c) The expenses of administering the fund shall be paid from money in the fund.
    (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.

    (e) Money in the fund at the end of a state fiscal year does not revert to the state general fund.".
    Renumber all SECTIONS consecutively.
    (Reference is to SB 89 as printed January 27, 2012.)



MO008904/DI 116