Sec. 8. To ensure timely payment of an advance according to the terms of the advance under section 7 of this chapter, the state board may withhold funds due to the school corporation or charter school to which the advance is made in the amount necessary to pay the advance.
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