{"data":{"id":"us-in/ic-20-49-4-13","jurisdiction":"us-in","citation":"IC 20-49-4-13","heading":"Maximum advance; school building construction program","body":"Sec. 13. An advance to a school corporation or charter school for any school building construction program may not exceed the greater of the following:\n(1) Fifteen million dollars ($15,000,000).\n(2) The product of fifteen thousand dollars ($15,000) multiplied by the number of students accommodated as a result of the school building construction program.\nHowever, if a school corporation or charter school has sustained loss by disaster, this limitation may be waived by the state board after consulting with the department and the budget agency.","path":["TITLE 20. EDUCATION","ARTICLE 49. STATE MANAGEMENT OF COMMON SCHOOL FUNDS; STATE ADVANCES AND LOANS","Chapter 4. Advancement From Common School Fund; Buildings; Technology Programs"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-49-4-13","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"3dc763b22e8d79e5e92a00e05e6f85fbf4d73a61b46d03566f450ba8fc3f2b52","source_id":"us-in","stale":false,"prev":"us-in/ic-20-49-4-12","next":"us-in/ic-20-49-4-14"},"notice":"GroundRules: Original legal text. Not legal advice."}