2006 Indiana Code - CHAPTER 12. ADDITIONAL CONDITIONS ON THE ADMINISTRATION OF VETERANS MEMORIAL SCHOOL CONSTRUCTION FUND
IC 21-1-12Chapter 12. Additional Conditions on the Administration of Veterans Memorial School Construction Fund
IC 21-1-12-1
Additional conditions on advancements
Sec. 1. In addition to the provision of any other statute regarding
qualifications of any school or school corporation for the
advancement of funds from the veterans memorial school
construction fund, and in addition to any duly constituted and
adopted rule or rules of the Indiana state board of education as to
such qualifications, no school or school corporation shall be entitled
to an advancement of money from the veterans memorial school
construction fund except when the following conditions exist or have
been met:
(a) No advance shall be made from said fund to any joint school
district organized or to any corporation within any such joint
school district, when the advancement is to be used in
connection with the enlargement or construction of a joint
school.
(b) No advance shall be made to a school corporation whose
average resident enrollment in grades one (1) through eight (8)
is less than thirty (30) per grade in such proposed school
building to be built. In all instances, no advance shall be made
to a school corporation whose average resident enrollment in
grades nine (9) through twelve (12) is less than two hundred
seventy (270) in such proposed school building to be built.
(c) No school or school corporation shall be entitled to an
advance from the veterans memorial school construction fund
if such school or school corporation has used the maximum
amount allowable under the constitution and the laws of the
state of Indiana for the construction of school facilities and
more than thirty-five percent (35%) of the total cost of such
facilities has been for the purpose of building or enlarging a
gymnasium, auditorium, or athletic facility.
(Formerly: Acts 1959, c.214, s.2.) As amended by P.L.20-1984,
SEC.184.
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