Indiana Statutes
§ 20-49-4-19 — Terms of agreement; right to offset advance against state tuition support
Indiana·Title 20 EDUCATION·Art. 49 STATE MANAGEMENT OF COMMON SCHOOL·Ch. 4 Advancement From Common School Fund; Buildings;
Each school corporation or charter school
receiving an advance shall agree to have the money advanced, together
with the interest on the advance, deducted from the distribution of state
tuition support until all the money advanced, together with the interest
on the advance, has been paid. The state board and the state board of
finance shall reduce each distribution of state tuition support to each
school corporation or charter school to which an advance is made in an
amount to be agreed upon by the state and the school corporation or
charter school. If an advance is made to a school corporation career and
technical education school described in IC 20-37-1-1, the reduction for
a payment obligation for the advance shall be allocated as provided in
section 18 of this chapter.
[Pre-2006 Recodi
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Legislative History
As added by P.L.2-2006, SEC.172. Amended by P.L.40-2014,
SEC.12; P.L.189-2023, SEC.54.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes