20-49-2-1. “Advancement”

Sec. 1. As used in this chapter, “advancement” refers to an advance payment to a school corporation under this chapter. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.172.

20-49-2-1. “Advancement”

Sec. 1. As used in this chapter, “advancement” refers to an advance payment to a school corporation under this chapter. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.172.

20-49-2-10. Restrictions on Nonemergency Advancements

Sec. 10. The state board shall make nondisaster advancements to school corporations under this chapter only when the following conditions exist: (1) The school buildings and classrooms of any school corporation are not adequate for the proper education of the students in that public school or school corporation, and the school corporation is unable to […]

20-49-2-10. Restrictions on Nonemergency Advancements

Sec. 10. The state board shall make nondisaster advancements to school corporations under this chapter only when the following conditions exist: (1) The school buildings and classrooms of any school corporation are not adequate for the proper education of the students in that public school or school corporation, and the school corporation is unable to […]

20-49-2-11. Disaster Loans; Maximum Advancement

Sec. 11. (a) The state board may make a disaster loan to a school corporation that has suffered loss by fire, flood, windstorm, or other disaster that makes all or part of the school building or buildings unfit for school purposes. (b) A loan made under this section may not exceed three million dollars ($3,000,000). […]

20-49-2-11. Disaster Loans; Maximum Advancement

Sec. 11. (a) The state board may make a disaster loan to a school corporation that has suffered loss by fire, flood, windstorm, or other disaster that makes all or part of the school building or buildings unfit for school purposes. (b) A loan made under this section may not exceed three million dollars ($3,000,000). […]

20-49-2-12. Application Procedures

Sec. 12. Any school corporation desiring to obtain an advancement under this chapter shall submit to the state board a verified application stating: (1) the existing condition concerning the need for money to be used to construct, remodel, or repair a school building in the school corporation; (2) the amount of money needed; and (3) […]

20-49-2-12. Application Procedures

Sec. 12. Any school corporation desiring to obtain an advancement under this chapter shall submit to the state board a verified application stating: (1) the existing condition concerning the need for money to be used to construct, remodel, or repair a school building in the school corporation; (2) the amount of money needed; and (3) […]

20-49-2-13. Calculations; School Building Index; Tax Ability

Sec. 13. (a) The state board shall compute and assign to the applicant school corporation a school building index that is the ratio of the school building need, in terms of money, to the school corporation’s tax ability, in terms of money. (b) For purposes of this section, the school building need, in terms of […]

20-49-2-13. Calculations; School Building Index; Tax Ability

Sec. 13. (a) The state board shall compute and assign to the applicant school corporation a school building index that is the ratio of the school building need, in terms of money, to the school corporation’s tax ability, in terms of money. (b) For purposes of this section, the school building need, in terms of […]

20-49-2-14. Prioritizing Nonemergency Loans

Sec. 14. School corporations having the highest school building index must be considered first for advancements. The advancements must be made in descending order of need as shown by the school building index. The state board, after giving consideration to the: (1) relative order of the various applicant school corporations with regard to the school […]

20-49-2-14. Prioritizing Nonemergency Loans

Sec. 14. School corporations having the highest school building index must be considered first for advancements. The advancements must be made in descending order of need as shown by the school building index. The state board, after giving consideration to the: (1) relative order of the various applicant school corporations with regard to the school […]

20-49-2-15. Repayment of Advancement; State Tuition Support

Sec. 15. (a) An advancement under this chapter is not an obligation of the school corporation within the meaning of the limitation against indebtedness under the Constitution of the State of Indiana. This chapter does not relieve the governing body of a school corporation of any obligation under Indiana law to qualify the school corporation […]

20-49-2-15. Repayment of Advancement; State Tuition Support

Sec. 15. (a) An advancement under this chapter is not an obligation of the school corporation within the meaning of the limitation against indebtedness under the Constitution of the State of Indiana. This chapter does not relieve the governing body of a school corporation of any obligation under Indiana law to qualify the school corporation […]

20-49-2-16. Power; Levy to Replace Amount Deducted From State Tuition Support

Sec. 16. A school corporation receiving an advancement under this chapter may annually levy a tax in the debt service fund to replace the amount deducted in the current year from the distribution of state tuition support under this chapter. The amount received from the tax shall be transferred from the debt service fund to […]

20-49-2-16. Power; Levy to Replace Amount Deducted From State Tuition Support

Sec. 16. A school corporation receiving an advancement under this chapter may annually levy a tax in the debt service fund to replace the amount deducted in the current year from the distribution of state tuition support under this chapter. The amount received from the tax shall be transferred from the debt service fund to […]

20-49-2-17. Transfer Between Funds; Amount of Advancements

Sec. 17. (a) The auditor of state shall on December 31 and June 30 of each year transfer from the veterans memorial school construction fund to the state general fund the total amount of money advanced by the state board from the state general fund to school corporations under this chapter. (b) The auditor of […]

20-49-2-17. Transfer Between Funds; Amount of Advancements

Sec. 17. (a) The auditor of state shall on December 31 and June 30 of each year transfer from the veterans memorial school construction fund to the state general fund the total amount of money advanced by the state board from the state general fund to school corporations under this chapter. (b) The auditor of […]

20-49-2-18. Duty; Erection of Plaque

Sec. 18. Each school corporation that receives funds under this chapter shall provide a suitable plaque of a permanent nature commemorating the veterans who served in the armed forces of the United States. The plaque must be in a form recommended by the state board. [Pre-2006 Recodification Citation: 21-1-11-10.] As added by P.L.2-2006, SEC.172.

20-49-2-18. Duty; Erection of Plaque

Sec. 18. Each school corporation that receives funds under this chapter shall provide a suitable plaque of a permanent nature commemorating the veterans who served in the armed forces of the United States. The plaque must be in a form recommended by the state board. [Pre-2006 Recodification Citation: 21-1-11-10.] As added by P.L.2-2006, SEC.172.