Sec. 6. (a) A school corporation's obligation to repay the advancement may not be construed to be diminished or otherwise affected if the school corporation in which the student has legal settlement fails to pay the transfer tuition as required under IC 20-26-11 to the transferee school corporation in a timely manner.
(b) An advance may not be construed to be an obligation of the school corporation within the meaning of the limitation against indebtedness under the Constitution of the State of Indiana.
[Pre-2006 Recodification Citation: 21-1-5.1-5.]
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 5. Advancement From the Common School Fund for Transfer Tuition Costs
20-49-5-3. State Board; Advance; Purposes; Maximum Advance
20-49-5-4. Conditions of Advance; Certification; Repayment Agreement
20-49-5-5. Reimbursement of Interest; Notice Between School Corporations