Sec. 6. (a) An application to the secured school safety board for a matching grant under IC 10-21-1 may serve as an application for an advance under this chapter.
(b) To apply for an advance, a school corporation or charter school (or a coalition of public schools applying jointly) shall submit an application to the secured school safety board under IC 10-21-1. If the secured school safety board approves a matching grant to the school corporation or charter school (or coalition of public schools filing jointly) under IC 10-21-1-4 and the school corporation or charter school (or coalition of public schools filing jointly) requests an advance under this chapter, the secured school safety board may recommend to the state board the approval of an advance under this chapter.
(c) If an advance is recommended by the secured school safety board and the state board finds that the school corporation or charter school (or coalition of public schools filing jointly):
(1) qualifies for an advance under this chapter; and
(2) will use the advance for purposes described in section 5 of this chapter;
the state board may make the advance to the school corporation or charter school (or coalition of public schools filing jointly).
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