Sec. 11. An advance under this chapter to a school corporation or charter school is not an obligation of the school corporation or charter school within the meaning of a constitutional limitation on or prohibition against indebtedness.
As added by P.L.211-2018(ss), SEC.13.
Structure Indiana Code
Article 49. State Management of Common School Funds; State Advances and Loans
Chapter 10. Advancement From Common School Fund; Improvements in School Security
20-49-10-4. School Corporation and Charter School Safety Advance Program Established
20-49-10-5. Use of Advance; Maximum Amount of Advance; Determination of Maximum Amount of Advance
20-49-10-7. Terms and Conditions of an Advance
20-49-10-9. Withholding; Eligibility Determination
20-49-10-10. Property Tax Levy
20-49-10-11. Advance Not a Constitutional Debt
20-49-10-12. Security Interest; Procedure to Redetermine Security Interest; Limitation