Indiana Code 20-49-10-5. Use of advance; maximum amount of advance; determination of maximum amount of advance
(1) purchase equipment, or make capital improvements needed to:
Terms Used In Indiana Code 20-49-10-5
- advance: refers to an advance from the fund under this chapter. See Indiana Code 20-49-10-1
- charter school: refers to a school established under IC 20-24. See Indiana Code 20-49-10-2
- 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.
(B) expedite the notification of first responders; or
(C) improve school security;
(2) increase school safety by:
(A) helping teachers, school staff, and school employees acquire specialized firearms instruction; and
(B) defraying tuition related expenses for teachers, school staff, and school employees who wish to enroll in the course of firearms instruction described in IC 10-21-3; or
(3) provide funding in the event of a school shooting to cover the costs of counseling for students, teachers, school staff, and school employees.
(b) The maximum amount of an advance that a school corporation or charter school may receive under this chapter may not exceed five hundred thousand dollars ($500,000).
(c) The maximum amount of the advance that the state board may approve under section 6(c) of this chapter is the lesser of:
(1) the maximum amount of an advance that may be awarded as established by subsection (b); or
(2) the amount needed to cover costs approved by the secured school safety board that are in excess of the amount awarded by the secured school safety board under IC 10-21-1-4 and the amount committed as a match by the school corporation or charter school (or coalition of public schools filing jointly) that applied for the grant under IC 10-21-1-5.
As added by P.L.211-2018(ss), SEC.13. Amended by P.L.218-2023, SEC.6.