Indiana Code 20-49-10-8. Withholding power
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Terms Used In Indiana Code 20-49-10-8
- 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.
Sec. 8. To ensure timely payment of an advance according to the terms of the advance under section 7 of this chapter, the state board may withhold funds due to the school corporation or charter school to which the advance is made in the amount necessary to pay the advance.
As added by P.L.211-2018(ss), SEC.13.