Sec. 4. (a) The school corporation and charter school safety advance program is established. The purpose of the program is to make advances to school corporations or charter schools (or one (1) or more coalitions of public schools applying jointly) for equipment purchases or capital improvements necessary to improve school security.
(b) The state board, in consultation with the secured school safety board established by IC 10-21-1-3, shall administer the program.
(c) The total amount of advances that the state board may make under this chapter during the state biennium beginning July 1, 2017, and ending June 30, 2019, may not exceed thirty-five million dollars ($35,000,000).
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