Indiana § 20-49-4-13 Maximum advance; school building construction program

Indiana Statutes

§ 20-49-4-13 — Maximum advance; school building construction program

Indiana·Title 20 EDUCATION·Art. 49 STATE MANAGEMENT OF COMMON SCHOOL·Ch. 4 Advancement From Common School Fund; Buildings;

An advance to a school corporation or charter school for any school building construction program may not exceed the greater of the following:

(1)Fifteen million dollars ($15,000,000).

(2)The product of fifteen thousand dollars ($15,000) multiplied by the number of students accommodated as a result of the school building construction program. However, if a school corporation or charter school has sustained loss by disaster, this limitation may be waived by the state board after consulting with the department and the budget agency. [Pre-2006 Recodification Citation: 21-1-5-4(b).]

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An advance to a school corporation or
charter school for any school building construction program may not
exceed the greater of the following:
(1) Fifteen million dollars ($15,000,000).
(2) The product of fifteen thousand dollars ($15,000) multiplied
by the number of students accommodated as a result of the school
building construction program.
However, if a school corporation or charter school has sustained loss
by disaster, this limitation may be waived by the state board after
consulting with the department and the budget agency.
[Pre-2006 Recodification Citation: 21-1-5-4(b).]

Indiana § 20-49-4-13 (Maximum advance; school building construction program) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.