HB 1054 Summary

• Establishes the Indiana Cooperative Education Pilot Program to be administered by the commission, promoting cooperative education and internship programs at research intensive state educational institutions.

• Provides grants up to $100,000 per eligible state educational institution per fiscal year, requiring institutions to obtain or commit to matching gifts or grants from private sources.

• Defines cooperative education programs as partnerships integrating academic study with paid work experience at Indiana employers, and internship programs as partnerships with specified work or community experience.

• Establishes the Indiana Cooperative Education Pilot Program Fund consisting of state general fund appropriations and private contributions, with unused funds remaining available for future grants.

• Expires July 1, 2018, with state contributions reverting to the general fund and private contributions reverting to donors proportionally upon expiration; effective July 1, 2015.