Ind. Code § 20-49-4-13

Current through P.L. 171-2024

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

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.

IC 20-49-4-13

Pre-2006 Recodification Citation: 21-1-5-4(b).

Amended by P.L. 189-2023,SEC. 48, eff. 7/1/2023.

As added by P.L. 2-2006, SEC.172.