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2022 Indiana Code
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
20-49-4-17. Statutory Construction; Advance Not Treated as Debt of School Corporation
Universal Citation: IN Code § 20-49-4-17 (2022)
Sec. 17. An advance is not an obligation of the school corporation within the meaning of the limitation on or prohibition against indebtedness under the Constitution of the State of Indiana. Nothing in this chapter relieves the governing body of a school corporation receiving an advance of any obligation under Indiana law to qualify the school corporation for state tuition support. The school corporation shall continue to perform all acts necessary to obtain these funds.
[Pre-2006 Recodification Citation: 21-1-5-7(a) part.]
As added by P.L.2-2006, SEC.172.
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