Sec. 7. If a school files an application for an advance as required by the state board, and the state board finds that the school:
(1) qualifies for an advance under section 8 of this chapter; and
(2) will use the advance proceeds for educational purposes;
the state board shall make the advance to the school.
As added by P.L.213-2015, SEC.232.
Structure Indiana Code
Article 49. State Management of Common School Funds; State Advances and Loans
Chapter 9. Charter and Innovation School Advance Program
20-49-9-5. Advance Program Established
20-49-9-6. Application Procedure
20-49-9-7. State Board Approval
20-49-9-8. Qualification Criteria
20-49-9-9. Advance on per Student Basis
20-49-9-10. Terms; Limitations
20-49-9-12. Withholding; Eligibility Determination
20-49-9-13. Advance Not a Constitutional Debt
20-49-9-14. Authority to Renegotiate the Terms of an Advance; Application Process