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2017 Indiana Code
TITLE 20. Education
ARTICLE 24. CHARTER SCHOOLS
CHAPTER 12. Charter School Facilities Assistance Program
20-24-12-12. Department to withhold loan repayments
Universal Citation: IN Code § 20-24-12-12 (2017)
IC 20-24-12-12 Department to withhold loan repayments
Sec. 12. The department shall withhold the amount of the balance of the loan due in a year on a loan made under this chapter from state tuition support distributions that would otherwise be made in the year to the charter school. To the extent possible, the department shall withhold an equal amount from each installment of state tuition support distributed to the charter school. Withheld amounts reduce the balance of the loan of the charter school. The auditor of state shall transfer withheld amounts to the fund.
As added by P.L.91-2011, SEC.25.
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