20-24-13-3. Grant Program Established; Uses; Administration by the State Board
Sec. 3. (a) An annual grant program is established to provide funding to a school for the following: (1) Capital improvements for the school, including the renovation or expansion of a facility, or for debt or lease payments owed on a facility, including advances from the common school fund under IC 20-49-9. (2) The purposes […]
20-24-13-4. Schools Eligible to Receive an Annual Grant Without First Applying to the State Board
Sec. 4. The state board shall, without an application being made, make an annual grant to a school if the school is one (1) of the following: (1) A charter school in its first or second year of operation. (2) A charter school that was placed in the “A”, “B”, or “C” category or designation […]
20-24-13-5. Charter Schools That May Apply for an Annual Grant; Procedures; Eligibility for a Grant
Sec. 5. (a) This section applies to a charter school that does not qualify for a grant under subsection (c). Each year, such a charter school may apply for an annual grant under this chapter. (b) The application under subsection (a) must be submitted after July 1 and before September 1 of a state fiscal […]
20-24-13-6. Grant Amount
Sec. 6. The annual grant amount for a school for a state fiscal year is the following: (1) For the state fiscal year beginning July 1, 2021: (A) one thousand dollars ($1,000); multiplied by (B) the number of eligible pupils who are counted in the current ADM of the school. (2) For the state fiscal […]
20-24-9-8. Public Meetings of Governing Boards; Location
Sec. 8. (a) This section does not apply to the following: (1) To an organizer that operates two (2) or more charter schools unless all charter schools operated by the organizer are located within the same county. (2) To the organizer of a virtual charter school. (3) To an innovation network school under IC 20-25.7. […]
20-24-12-10. Conditions Applying to Loan
Sec. 10. The following apply to a loan from the fund to a charter school under this chapter: (1) A loan may not exceed the maximum amount set by the department. (2) The term of the loan may not exceed fifteen (15) years after the date of the loan. (3) A charter school may receive […]
20-24-12-11. Repayment of Loans
Sec. 11. A charter school receiving a loan under this chapter shall repay the loan from: (1) the amount of state tuition support that the charter school is eligible to receive; and (2) to the extent that state tuition support is insufficient to meet the debt service obligations of the charter school, other resources available […]
20-24-10-1. Transfer of Students From Charter to Noncharter School; Discrimination Prohibited
Sec. 1. (a) A public noncharter school that receives a transfer student from a charter school may not discriminate against the student in any way, including by placing the student: (1) in an inappropriate age group according to the student’s ability; (2) below the student’s abilities; or (3) in a class where the student has […]
20-24-12-12. Department to Withhold Loan Repayments
Sec. 12. The department shall withhold the amount of the balance of the loan due in a year on a loan made under this chapter from state tuition support distributions that would otherwise be made in the year to the charter school. To the extent possible, the department shall withhold an equal amount from each […]
20-24-11-1. Conditions Required for Conversion
Sec. 1. (a) This section does not apply to an existing public elementary or secondary school that the governing body of the school corporation in which the school is located has scheduled for closure. (b) An existing public elementary or secondary school may be converted into a charter school if all of the following conditions […]