Sec. 11. A charter school receiving a loan under this chapter shall repay the loan from:
(1) the amount of state tuition support that the charter school is eligible to receive; and
(2) to the extent that state tuition support is insufficient to meet the debt service obligations of the charter school, other resources available to the charter school.
As added by P.L.91-2011, SEC.25.
Structure Indiana Code
Chapter 12. Charter School Facilities Assistance Program
20-24-12-3. Department to Administer Program
20-24-12-7. Procedures for Providing Grants and Loans
20-24-12-8. Criteria for Receiving Grant or Loan
20-24-12-9. Grant or Loan on per Student Basis
20-24-12-10. Conditions Applying to Loan