Sec. 8. The fund may be used to make advances:

(1) to school corporations, including school corporation career and technical education schools described in IC 20-37-1-1, under IC 20-49-4 and IC 20-49-5;

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Terms Used In Indiana Code 20-49-3-8

  • 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 20-49-3-3
(2) to charter schools under IC 20-49-4;

(3) under IC 20-49-6;

(4) to charter and innovation network schools under IC 20-49-9; and

(5) to a school corporation or charter school (or a coalition of public schools applying jointly) under IC 20-49-10.

Unless the context clearly requires otherwise, a reference to a school corporation in this chapter includes a school corporation career and technical education school described in IC 20-37-1-1. However, an advance to a school corporation career and technical education school described in IC 20-37-1-1 is not considered an advance to a school corporation for purposes of determining if the school corporation career and technical education school described in IC 20-37-1-1 qualifies for an advance.

[Pre-2006 Recodification Citation: 21-1-4-1 part.]

As added by P.L.2-2006, SEC.172. Amended by P.L.146-2008, SEC.529; P.L.205-2013, SEC.307; P.L.40-2014, SEC.7; P.L.213-2015, SEC.231; P.L.233-2015, SEC.309; P.L.118-2016, SEC.20; P.L.211-2018(ss), SEC.12; P.L.189-2023, SEC.39.