Indiana § 20-24-12-8 Criteria for receiving grant or loan

Indiana Statutes

§ 20-24-12-8 — Criteria for receiving grant or loan

Indiana·Title 20 EDUCATION·Art. 24 CHARTER SCHOOLS·Ch. 12 Charter School Facilities Assistance Program

In making its determination to approve or disapprove a grant or loan application, the department may consider the following:

(1)The soundness of the financial business plans of the applicant charter school.

(2)The availability to the charter school of other sources of funding.

(3)The geographic distribution of grants or loans made from the fund.

(4)The impact that grants or loans received under this chapter will have on the charter school's receipt of other private and public financing.

(5)Plans for innovatively enhancing or leveraging funds received under this chapter, such as loan guarantees or other types of credit enhancements.

(6)The financial needs of the charter school.

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In making its determination to approve or
disapprove a grant or loan application, the department may consider the
following:
(1) The soundness of the financial business plans of the applicant
charter school.
(2) The availability to the charter school of other sources of
funding.
(3) The geographic distribution of grants or loans made from the
fund.
(4) The impact that grants or loans received under this chapter
will have on the charter school's receipt of other private and
public financing.
(5) Plans for innovatively enhancing or leveraging funds received
under this chapter, such as loan guarantees or other types of credit
enhancements.
(6) The financial needs of the charter school.

Indiana § 20-24-12-8 (Criteria for receiving grant or loan) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.