20-24-12-1. Establishment

Sec. 1. The charter school facilities assistance program is established. As added by P.L.91-2011, SEC.25.

20-24-12-1. Establishment

Sec. 1. The charter school facilities assistance program is established. As added by P.L.91-2011, SEC.25.

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 […]

20-24-12-10. 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 […]

20-24-12-11. 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 […]

20-24-12-12. 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 […]

20-24-12-12. 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 […]

20-24-12-2. Purpose

Sec. 2. The purpose of the program is to make grants and loans to charter schools for the purpose of: (1) constructing; (2) purchasing; (3) renovating; (4) maintaining; (5) paying first semester costs for new; and (6) reducing common school fund debt for; charter schools. As added by P.L.91-2011, SEC.25.

20-24-12-2. Purpose

Sec. 2. The purpose of the program is to make grants and loans to charter schools for the purpose of: (1) constructing; (2) purchasing; (3) renovating; (4) maintaining; (5) paying first semester costs for new; and (6) reducing common school fund debt for; charter schools. As added by P.L.91-2011, SEC.25.

20-24-12-3. Department to Administer Program

Sec. 3. The department shall administer the program. As added by P.L.91-2011, SEC.25.

20-24-12-3. Department to Administer Program

Sec. 3. The department shall administer the program. As added by P.L.91-2011, SEC.25.

20-24-12-4. Fund

Sec. 4. (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 […]

20-24-12-4. Fund

Sec. 4. (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 […]

20-24-12-5. Federal Funds

Sec. 5. The department may apply to the United States Department of Education for a state charter school facilities incentive program grant authorized under 34 U.S.C. 7221d(b). The department shall use the proceeds of any state charter school facilities incentive program grant awarded to the state for purposes of the program. To the extent permitted […]

20-24-12-5. Federal Funds

Sec. 5. The department may apply to the United States Department of Education for a state charter school facilities incentive program grant authorized under 34 U.S.C. 7221d(b). The department shall use the proceeds of any state charter school facilities incentive program grant awarded to the state for purposes of the program. To the extent permitted […]

20-24-12-6. Use of Funds

Sec. 6. The department may authorize money in the fund to be used for any of the following purposes: (1) To pay first semester costs for charter schools first opening after June 30, 2011. (2) To repay advances and loans to charter schools made before June 30, 2011. (3) To match federal grants described in […]

20-24-12-6. Use of Funds

Sec. 6. The department may authorize money in the fund to be used for any of the following purposes: (1) To pay first semester costs for charter schools first opening after June 30, 2011. (2) To repay advances and loans to charter schools made before June 30, 2011. (3) To match federal grants described in […]

20-24-12-7. Procedures for Providing Grants and Loans

Sec. 7. (a) The department shall establish written procedures for providing grants or loans from the fund to charter schools. The written procedures must include at least the following: (1) An application procedure. (2) A procedure to identify projects that may qualify for a grant or loan. (3) Criteria for establishing the priority of projects […]

20-24-12-7. Procedures for Providing Grants and Loans

Sec. 7. (a) The department shall establish written procedures for providing grants or loans from the fund to charter schools. The written procedures must include at least the following: (1) An application procedure. (2) A procedure to identify projects that may qualify for a grant or loan. (3) Criteria for establishing the priority of projects […]