Sec. 8. The fund may be used to make advances:
(1) to school corporations, including school corporation career and technical education schools described in IC 20-37-1-1, under IC 20-49-4 and IC 20-49-5;
(2) under IC 20-49-6;
(3) to charter and innovation network schools under IC 20-49-9; and
(4) to a school corporation or charter school (or a coalition of public schools applying jointly) under IC 20-49-10.
Unless the context clearly requires otherwise, a reference to a school corporation in this chapter includes a school corporation career and technical education school described in IC 20-37-1-1. However, an advance to a school corporation career and technical education school described in IC 20-37-1-1 is not considered an advance to a school corporation for purposes of determining if the school corporation career and technical education school described in IC 20-37-1-1 qualifies for an advance.
[Pre-2006 Recodification Citation: 21-1-4-1 part.]
As added by P.L.2-2006, SEC.172. Amended by P.L.146-2008, SEC.529; P.L.205-2013, SEC.307; P.L.40-2014, SEC.7; P.L.213-2015, SEC.231; P.L.233-2015, SEC.309; P.L.118-2016, SEC.20; P.L.211-2018(ss), SEC.12.
Structure Indiana Code
Article 49. State Management of Common School Funds; State Advances and Loans
Chapter 3. State Administration of Common School Fund
20-49-3-4. Treasurer; Fund Custodian
20-49-3-5. State Board; Administration of Fund
20-49-3-6. Rules; State Board of Education
20-49-3-7. Appropriation; Interest Balance
20-49-3-8. Advances; Eligible Projects
20-49-3-9. State Board; Powers; Applications
20-49-3-11. Advances Permitted; Counties Managing a County Common School Fund
20-49-3-12. Management of Funds; State Board of Finance
20-49-3-13. Rules; State Board of Finance
20-49-3-15. Statutory Construction; Liability of County Officer