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Indiana Code Title 20. Education § 20-24-12-4

Current as of January 02, 2024 | Updated by Findlaw Staff

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 or other money required by law to be deposited in the fund.

(4) Any federal grants that are received to capitalize or supplement the fund.

(5) Any earnings on money in the fund.

(c) The expenses of administering the fund shall be paid from money in the fund.

(d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested.

(e) The fund may be used by the department as a revolving fund for the purposes described in section 2 of this chapter.

(f) Money in the fund at the end of a state fiscal year does not revert to the state general fund.

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Cite this article: FindLaw.com - Indiana Code Title 20. Education § 20-24-12-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-20-education/in-code-sect-20-24-12-4/

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