Sec. 12. Any school corporation desiring to obtain an advancement under this chapter shall submit to the state board a verified application stating:

(1) the existing condition concerning the need for money to be used to construct, remodel, or repair a school building in the school corporation;

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Terms Used In Indiana Code 20-49-2-12

  • advancement: refers to an advance payment to a school corporation under this chapter. See Indiana Code 20-49-2-1
  • 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.
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
(2) the amount of money needed; and

(3) any other information requested by the state board.

[Pre-2006 Recodification Citation: 21-1-11-4.]

As added by P.L.2-2006, SEC.172.