{"data":{"id":"us-in/ic-20-49-2-9","jurisdiction":"us-in","citation":"IC 20-49-2-9","heading":"Maximum advancement; nonemergency","body":"Sec. 9. A nondisaster advancement to any school corporation under section 10 of this chapter may not exceed two hundred fifty thousand dollars ($250,000). However, this dollar limitation is waived if:\n(1) the school corporation has an assessed valuation per ADA of less than eight thousand four hundred dollars ($8,400); and\n(2) the school corporation's debt service fund tax rate would exceed one dollar ($1) for each one hundred dollars ($100) of assessed valuation without a waiver of the dollar limitation.","path":["TITLE 20. EDUCATION","ARTICLE 49. STATE MANAGEMENT OF COMMON SCHOOL FUNDS; STATE ADVANCES AND LOANS","Chapter 2. Administration of Veterans Memorial School Construction Fund; School Disaster Loan Fund"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-49-2-9","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"ce0891a307276aa97400da819b780594f37dbf7f2ee2a67ad65808c9f6d861e6","source_id":"us-in","stale":false,"prev":"us-in/ic-20-49-2-8","next":"us-in/ic-20-49-2-10"},"notice":"GroundRules: Original legal text. Not legal advice."}