{"data":{"id":"us-in/ic-20-49-5-3","jurisdiction":"us-in","citation":"IC 20-49-5-3","heading":"State board; advance; purposes; maximum advance","body":"Sec. 3. To assist a school corporation in providing the school corporation's educational program to a student placed in a facility or home as described in IC 20-26-11-8(a) or IC 20-26-11-8(b) and not later than October 1 of each school year, the state board may advance money to a school corporation in anticipation of the school corporation's receipt of transfer tuition for students described in IC 20-26-11-8(a) or IC 20-26-11-8(b). The amount of the advance may not exceed the amount determined under STEP TWO of the following formula:\nSTEP ONE: Estimate for the current school year the number of students described in IC 20-26-11-8(a) or IC 20-26-11-8(b) that are transferred to the school corporation.\nSTEP TWO: Multiply the STEP ONE amount by the school corporation's prior year per student transfer tuition amount.","path":["TITLE 20. EDUCATION","ARTICLE 49. STATE MANAGEMENT OF COMMON SCHOOL FUNDS; STATE ADVANCES AND LOANS","Chapter 5. Advancement From the Common School Fund for Transfer Tuition Costs"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-49-5-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"e4905642d5cfcf0d56d2aeca05d777a6772465a1dc76067132992e3348bd714d","source_id":"us-in","stale":false,"prev":"us-in/ic-20-49-5-2","next":"us-in/ic-20-49-5-4"},"notice":"GroundRules: Original legal text. Not legal advice."}