§ 20-49-5-1 “Advance”
§ 20-49-5-2 “Fund”
§ 20-49-5-3 State board; advance; purposes; maximum advance
§ 20-49-5-4 Conditions of advance; certification; repayment agreement
§ 20-49-5-5 Reimbursement of interest; notice between school corporations
§ 20-49-5-6 Obligation to repay advance; effect of failure to receive transfer tuition reimbursement; obligation not treated as debt
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Terms Used In Indiana Code > Title 20 > Article 49 > Chapter 5 - Advancement From the Common School Fund for Transfer Tuition Costs

  • advance: refers to an advance from the fund under this chapter. See Indiana Code 20-49-5-1
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • fund: refers to the common school fund in the custody of the treasurer of state. See Indiana Code 20-49-5-2
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5