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Indiana Code Title 20. Education § 20-49-4-13

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

Sec. 13. 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.

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Cite this article: FindLaw.com - Indiana Code Title 20. Education § 20-49-4-13 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-20-education/in-code-sect-20-49-4-13/

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