Indiana Code 20-24-13-3. Grant program established; uses; administration by the state board
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Sec. 3. (a) An annual grant program is established to provide funding to a school for the following:
(2) The purposes for which the school corporation‘s operations fund may be used by a school corporation under IC 20-40-18.
(1) Capital improvements for the school, including the renovation or expansion of a facility, or for debt or lease payments owed on a facility, including advances from the common school fund under IC 20-49-9.
Terms Used In Indiana Code 20-24-13-3
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- school: refers to a charter school or an innovation network school described in section 1(a)(2) of this chapter. See Indiana Code 20-24-13-2
(3) The purposes for which a technology grant from the Senator David C. Ford educational technology fund may be used by a school corporation under IC 20-20-13-6.
(b) The program shall be administered by the state board.
(c) The state board shall establish a written application and procedure for providing grants under this chapter to a school described in section 5 of this chapter.
As added by P.L.213-2015, SEC.162. Amended by P.L.244-2017, SEC.30.