2018 Indiana Code
TITLE 20. Education
ARTICLE 49. STATE MANAGEMENT OF COMMON SCHOOL FUNDS; STATE ADVANCES AND LOANS
CHAPTER 10. Advancement From Common School Fund; Improvements in School Security
20-49-10-5. Use of advance; maximum amount of advance; determination of maximum amount of advance
Sec. 5. (a) Advances made under this chapter may be used to purchase equipment or make capital improvements needed to:
(1) restrict access to schools;
(2) expedite the notification of first responders; or
(3) improve school security.
(b) The maximum amount of an advance that a school corporation or charter school may receive under this chapter may not exceed five hundred thousand dollars ($500,000).
(c) The maximum amount of the advance that the state board may approve under section 6(c) of this chapter is the lesser of:
(1) the maximum amount of an advance that may be awarded as established by subsection (b); or
(2) the amount needed to cover costs approved by the secured school safety board that are in excess of the amount awarded by the secured school safety board under IC 10-21-1-4 and the amount committed as a match by the school corporation or charter school (or coalition of public schools filing jointly) that applied for the grant under IC 10-21-1-5.
As added by P.L.211-2018(ss), SEC.13.
