LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6907 NOTE PREPARED: Jan 4, 2024
BILL NUMBER: HB 1297 BILL AMENDED:
SUBJECT: Reservist Tuition Supplement Program.
FIRST AUTHOR: Rep. Speedy BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
XDEDICATED
FEDERAL
Summary of Legislation: This bill establishes the Reservist Tuition Supplement Program (RTSP) and
Reservist Tuition Supplement Program Fund (fund). It requires the Commission for Higher Education to
administer the RTSP and fund. It also provides that money in the fund is continuously appropriated.
Effective Date: July 1, 2024.
Explanation of State Expenditures: Reservist Tuition Supplement Program: This bill establishes the RTSP
and fund to provide scholarships to Indiana residents who serve in the reserve components of the U.S. Armed
Forces. The RTSP mirrors the National Guard Supplemental Grant as it functioned until FY 2023. The RTSP
will be administered by the Commission for Higher Education (CHE). Assuming similar appropriations and
utilization rates by reservists as historically observed in the National Guard, this bill will provide an
estimated $1.4 M in grants to approximately 220 reservists per year when fully implemented. If money is
appropriated to the fund, expenditures are estimated to be $360,000 in FY 2025 and $720,000 in FY 2026.
This bill stipulates that the fund is continually appropriated and non-reverting. The bill does not make an
appropriation.
Commission for Higher Education: The RTSP Fund will be administered by CHE, with administrative costs
paid out of the fund. These provisions will create a workload increase for CHE and existing staffing and
resource levels, if currently being used to capacity, may be insufficient for full implementation, but any
additional resources will not require a separate appropriation.
Explanation of State Revenues: State Educational Institutions – Approximately 220 new RTSP recipients
are likely to attend SEIs each year. Tuition revenue is retained by SEIs. Any change in SEI revenue will
HB 1297 1 depend on admissions and attendance rates at each SEI. [SEIs receive General Fund appropriations].
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: State Educational Institutions; Commission for Higher Education.
Local Agencies Affected:
Information Sources: Seth Hinshaw and Joshua Garrison, Commission for Higher Education; Integrated
Postsecondary Education Data System.
Fiscal Analyst: Alexander Raggio, 317-234-9485.
HB 1297 2