Sec. 17. An advance is not an obligation of the school corporation within the meaning of the limitation on or prohibition against indebtedness under the Constitution of the State of Indiana. Nothing in this chapter relieves the governing body of a school corporation receiving an advance of any obligation under Indiana law to qualify the school corporation for state tuition support. The school corporation shall continue to perform all acts necessary to obtain these funds.
[Pre-2006 Recodification Citation: 21-1-5-7(a) part.]
As added by P.L.2-2006, SEC.172.
Structure Indiana Code
Article 49. State Management of Common School Funds; State Advances and Loans
Chapter 4. Advancement From Common School Fund; Buildings; Technology Programs
20-49-4-1. Application; Reorganized Schools
20-49-4-2. Exemption for Procedures; Loss From Disaster
20-49-4-5. "Educational Technology Program"
20-49-4-7. "School Building Construction Program"
20-49-4-8. Power; State Board; Advance; Eligibility
20-49-4-9. Priority of Advances; School Building Construction Programs
20-49-4-10. Priority of Advances; Educational Technology Programs
20-49-4-12. Condition of Advance; Capital Projects Operations Fund
20-49-4-13. Maximum Advance; School Building Construction Program
20-49-4-14. Maximum Advance; Educational Technology Programs
20-49-4-15. Maximum Term of Advance; School Building Construction Program; Prepayment; Interest Rate
20-49-4-16. Maximum Term of Advance; Educational Technology Program; Prepayment; Interest Rate
20-49-4-17. Statutory Construction; Advance Not Treated as Debt of School Corporation
20-49-4-18. Repayment of Advance; Terms; State Tuition Support
20-49-4-19. Terms of Agreement; Right to Offset Advance Against State Tuition Support
20-49-4-20. Statutory Construction; Advance Not Treated as Debt of State