Indiana Statutes

§ 20-24-12-4 — Fund

Indiana·Title 20 EDUCATION·Art. 24 CHARTER SCHOOLS·Ch. 12 Charter School Facilities Assistance Program
(a)The charter school facilities assistance fund is established. The department shall administer the fund.
(b)The fund consists of the following:
(1)Money appropriated or authorized by the general assembly.
(2)The repayment proceeds of loans made to charter schools from the fund.
(3)Any gifts and grants made to the fund or other money required by law to be deposited in the fund.
(4)Any federal grants that are received to capitalize or supplement the fund.
(5)Any earnings on money in the fund.
(c)The expenses of administering the fund shall be paid from money in the fund.
(d)The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested.
(e)The fund may be used by the depar

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Legislative History

As added by P.L.91-2011, SEC.25.

Nearby Sections

15
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