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Senate Bill 0549


Senate Bill 0549

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Lottery proceeds. Provides that surplus lottery revenue exceeding $200,000,000 must be transferred to the Indiana finance authority debt service for bonds issued under the Indiana opportunity program. Establishes the Indiana opportunity program and provides for the program to be administered by the Indiana finance authority. Authorizes the Indiana finance authority to issue bonds to fund the Indiana opportunity fund to provide grants to enable state universities to attract and retain faculty and to provide money for the Indiana opportunity scholarship program. Establishes the Indiana opportunity scholarship program to award scholarships to students who agree to live and work in Indiana for at least four years following their graduation.
    Current Status:
     In Committee - first House
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