reglab/housing_qa huggingface dataset:
IN Code § 20-49-3-9 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-9. State Board; Powers; Applications

Sec. 9. The state board shall consider and accept or reject, in its discretion, applications of school building corporations created under IC 21-5-11 (before its repeal) or IC 20-47-2 for the purchase of first mortgage bonds issued by the corporation under IC 21-5-11 (before its repeal) or IC 20-47-2.[Pre-2006 Recodification Citation: 21-1-4-4.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-3-10 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-10. Investments

Sec. 10. Except as provided in this chapter, the fund shall be invested in:(1) bonds, notes, certificates, and other valid obligations of the United States;(2) bonds, notes, debentures, and other securities issued by any federal instrumentality and fully guaranteed by the United States;(3) bonds, notes, certificates, and other valid obligations of any state of the United States or any county, township, city, town, or other political subdivision in Indiana that are issued under law, the issuers of which, for five (5) years before the date of the investment, have promptly paid the principal and interest on the bonds and other legal obligations in lawful money of the United States; or(4) bonds, notes, or other securities issued by the Indiana bond bank and described in IC 5-13-10.5-11(3).[Pre-2006 Recodification Citation: 21-1-3-8 part.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-3-11 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-11. Advances Permitted; Counties Managing a County Common School Fund

Sec. 11. (a) This section applies to a county that:(1) has not elected to surrender custody of any part of the fund to the state; and(2) has an insufficient amount of unloaned money in the fund when added to the amount of unloaned money in the congressional township school fund, as shown by a report of the county auditor and county treasurer, to make all loans for which the county auditor has applications.(b) Upon petition of the board of commissioners of the county, the state board of finance may allocate to the county making the application the amount that the state board of finance determines is necessary.[Pre-2006 Recodification Citation: 21-1-3-8 part.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-3-12 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-12. Management of Funds; State Board of Finance

Sec. 12. (a) The state board of finance shall direct all disbursement from the fund. The auditor of state shall draw the auditor of state's warrant on the treasurer of state, on a properly itemized voucher officially approved by:(1) the president of the state board of finance; or(2) in the absence of the president, any member of the state board of finance.(b) Except as otherwise provided by this chapter, all securities purchased for the fund shall be deposited with and remain in the custody of the state board of finance. The state board of finance shall collect all interest or other income accruing on the securities, when due, together with the principal of the securities when the principal matures and is due. Except as provided by subsection (c), all money collected under this subsection shall be:(1) credited to the proper fund account on the records of the auditor of state;(2) deposited with the treasurer of state; and(3) reported to the state board of finance.(c) All money collected under an agreement that is sold, transferred, or liquidated under IC 20-49-4-23 shall be immediately transferred to the purchaser, transferee, or assignee of the agreement.[Pre-2006 Recodification Citation: 21-1-3-9.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-3-13 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-13. Rules; State Board of Finance

Sec. 13. (a) The state board of finance may:(1) make all rules;(2) employ all help;(3) purchase all supplies and equipment; and(4) incur all expense;necessary to properly carry out this chapter.(b) The expense incident to the administration of this chapter shall be paid from any money in the state treasury not otherwise appropriated upon the warrant of the auditor of state issued on a properly itemized voucher approved by the president of the state board of finance.[Pre-2006 Recodification Citation: 21-1-3-10.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-3-14 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-14. Audits

Sec. 14. The state board of accounts shall examine the status of the fund. Upon completion of the examination, the examiner performing the duty shall prepare a report of the examination. The report must show:(1) all necessary pertinent information;(2) the balance of the fund's principal at the close of the previous examination;(3) the amount of interest and principal paid by each county to the state board of finance since the close of the previous examination;(4) the balance of principal due at the date of the closing of the report;(5) a statement of receipts and disbursements by the state board of finance;(6) a list of the securities found to be in the possession of the state board of finance;(7) the amount of each security; and(8) the total amount of all the securities held in custody.The appropriate officer of the state board of finance shall sign the list described in subdivision (6) in duplicate. The original signed list shall be deposited with the state board of accounts, and the duplicate of the signed list shall be kept in the files of the treasurer of state.[Pre-2006 Recodification Citation: 21-1-3-11.]As added by P.L.2-2006, SEC.172. Amended by P.L.181-2015, SEC.41.
IN Code § 20-49-3-15 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-15. Statutory Construction; Liability of County Officer

Sec. 15. This chapter may not be construed to relieve the county auditor of any county or any other county officer of any liability fixed by law not specifically changed by this chapter.[Pre-2006 Recodification Citation: 21-1-3-12.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-3-16 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-16. Deposit of Revenue in Fund

Sec. 16. (a) All fines, forfeitures, and other revenue that, by law, accrue to the fund shall be collected as provided by law. The money shall be paid into the state treasury and becomes a part of the fund in the custody of the treasurer of state. The county auditor shall keep a record of all fines and forfeitures and all other revenue that, by law, accrues to the fund. Semiannually on May 1 and November 1, the county auditor shall issue the county auditor's warrant payable to the treasurer of state in an amount equal to the total collections in the six (6) months preceding of fines and forfeitures and all other revenue that, by law, accrues to the fund or to the permanent endowment fund.(b) At the time of payment of principal, interest, or accretions to the treasurer of state, the county auditor shall file a report with the auditor of state. The report must set forth the amount of the following:(1) The county's common school fund.(2) Interest on the county's common school fund.(3) Fines and forfeitures from the county.(4) All other accretions included in a payment from the county to the treasurer of state.Forms for making the report shall be furnished by the auditor of state.(c) All money collected as interest on the fund shall be paid into the state treasury and shall be distributed for the uses and purposes provided by law.[Pre-2006 Recodification Citation: 21-1-3-7.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-3-17 (2021)
2021 Indiana Code|Title 20. Education|Article 49. State Management of Common School Funds; State Advances and Loans|Chapter 3. State Administration of Common School Fund|20-49-3-17. Report Concerning Charter Schools

Sec. 17. (a) Before July 1 of each year, the state board, in cooperation with the department, shall:(1) prepare a report of the information described in subsection (b); and(2) present the report to the budget committee.(b) The report referred to in subsection (a) must describe the following information for the immediately preceding calendar year:(1) Any charter schools that closed or otherwise ceased operations during the immediately preceding calendar year.(2) For each charter school specified in subdivision (1), and for each advance from the fund that was not repaid in full before the date on which the charter school closed or otherwise ceased operations, the outstanding amounts of principal and interest that the charter school owes to the fund.(3) The efforts being made by the state board and the department to collect the unpaid advances and interest described in subdivision (2).As added by P.L.259-2019, SEC.13.
IN Code § 20-49-4-1 (2021)
2021 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|20-49-4-1. Application; Reorganized Schools

Sec. 1. This chapter applies to school corporations organized and formed through reorganization under IC 20-23-4, IC 20-23-6, or IC 20-23-7 and school corporation career and technical education schools described in IC 20-37-1-1. Unless the context clearly requires otherwise, a reference to a school corporation in this chapter includes a school corporation career and technical education school described in IC 20-37-1-1.[Pre-2006 Recodification Citation: 21-1-5-1 part.]As added by P.L.2-2006, SEC.172. Amended by P.L.40-2014, SEC.8; P.L.233-2015, SEC.312.
IN Code § 20-49-4-2 (2021)
2021 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|20-49-4-2. Exemption for Procedures; Loss From Disaster

Sec. 2. Sections 9, 12, and 13 of this chapter do not apply if a school corporation sustains loss from a disaster.[Pre-2006 Recodification Citation: 21-1-5-1 part.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-3 (2021)
2021 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|20-49-4-3. "Advance"

Sec. 3. As used in this chapter, "advance" means an advance under this chapter from the fund.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-4 (2021)
2021 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|20-49-4-4. "Disaster"

Sec. 4. As used in this chapter, "disaster" refers to loss by:(1) fire;(2) wind;(3) cyclone; or(4) other disaster;of all or a major part of a school building or school buildings.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-5 (2021)
2021 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|20-49-4-5. "Educational Technology Program"

Sec. 5. As used in this chapter, "educational technology program" means the:(1) purchase, lease, or financing of educational technology equipment;(2) operation of the educational technology equipment; and(3) training of teachers in the use of the educational technology equipment.[Pre-2006 Recodification Citation: 21-1-5-3(c).]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-6 (2021)
2021 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|20-49-4-6. "Fund"

Sec. 6. As used in this chapter, "fund" refers to the common school fund in the custody of the treasurer of state.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-7 (2021)
2021 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|20-49-4-7. "School Building Construction Program"

Sec. 7. As used in this chapter, "school building construction program" means the purchase, lease, or financing of land, the construction and equipping of school buildings, and the remodeling, repairing, or improving of school buildings by a school corporation:(1) that sustained a loss from a disaster;(2) whose adjusted assessed valuation (as determined under IC 6-1.1-34-8) per current ADM is within the lowest forty percent (40%) of the assessed valuation per current ADM when compared with all school corporation adjusted assessed valuation (as adjusted (if applicable) under IC 6-1.1-34-8) per current ADM; or(3) with an advance under this chapter outstanding on July 1, 1993, that bears interest of at least seven and one-half percent (7.5%).The term does not include facilities used or to be used primarily for interscholastic or extracurricular activities. If a program involves a school corporation career and technical education school described in IC 20-37-1-1, the adjusted assessed valuation and current ADM of all those school corporations that are members of the career and technical education school are to be used for making determinations under this section.[Pre-2006 Recodification Citation: 21-1-5-3(b).]As added by P.L.2-2006, SEC.172. Amended by P.L.113-2010, SEC.99; P.L.205-2013, SEC.308; P.L.40-2014, SEC.9.
IN Code § 20-49-4-8 (2021)
2021 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|20-49-4-8. Power; State Board; Advance; Eligibility

Sec. 8. The state board may advance money to school corporations to be used for:(1) school building construction programs; and(2) educational technology programs;as provided in this chapter.[Pre-2006 Recodification Citation: 21-1-5-3(a).]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-9 (2021)
2021 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|20-49-4-9. Priority of Advances; School Building Construction Programs

Sec. 9. Priority of advances for school building construction programs shall be made to school corporations that have the least amount of adjusted assessed valuation (as determined under IC 6-1.1-34-8) per student in ADM. If a program involves a school corporation career and technical education school described in IC 20-37-1-1, the adjusted assessed valuation and current ADM of all those school corporations that are members of the career and technical education school are to be used for making determinations under this section.[Pre-2006 Recodification Citation: 21-1-5-9(a).]As added by P.L.2-2006, SEC.172. Amended by P.L.40-2014, SEC.10.
IN Code § 20-49-4-10 (2021)
2021 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|20-49-4-10. Priority of Advances; Educational Technology Programs

Sec. 10. Priority of advances for educational technology programs shall be on whatever basis the state board, after consulting with the department and the budget agency, periodically determines.[Pre-2006 Recodification Citation: 21-1-5-9(b).]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-11 (2021)
2021 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|20-49-4-11. Application

Sec. 11. A school corporation desiring to obtain an advance must submit an application to the state board in the form established by the state board, after consulting with the department and the budget agency.[Pre-2006 Recodification Citation: 21-1-5-6.]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-12 (2021)
2021 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|20-49-4-12. Condition of Advance; Capital Projects Operations Fund

Sec. 12. To qualify for an advance under this chapter, a school corporation must establish an operations fund under IC 20-40-18. The state board, after consulting with the department and the budget agency, may waive or modify this requirement upon a showing of good cause by the school corporation.[Pre-2006 Recodification Citation: 21-1-5-4(a).]As added by P.L.2-2006, SEC.172. Amended by P.L.244-2017, SEC.120.
IN Code § 20-49-4-13 (2021)
2021 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|20-49-4-13. Maximum Advance; School Building Construction Program

Sec. 13. An advance to a school corporation for any school building construction program may not exceed the greater of the following:(1) Fifteen million dollars ($15,000,000).(2) The product of fifteen thousand dollars ($15,000) multiplied by the number of students accommodated as a result of the school building construction program.However, if a school corporation has sustained loss by disaster, this limitation may be waived by the state board after consulting with the department and the budget agency.[Pre-2006 Recodification Citation: 21-1-5-4(b).]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-14 (2021)
2021 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|20-49-4-14. Maximum Advance; Educational Technology Programs

Sec. 14. An advance for an educational technology program is without limitation in amount other than the availability of funds in the fund for this purpose and the ability of the school corporation desiring an advance to pay the advance according to the terms of the advance.[Pre-2006 Recodification Citation: 21-1-5-4(c).]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-15 (2021)
2021 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|20-49-4-15. Maximum Term of Advance; School Building Construction Program; Prepayment; Interest Rate

Sec. 15. (a) Money advanced to a school corporation for a school building construction program may be advanced for a period not exceeding twenty-five (25) years. The school corporation to which money is advanced must pay interest on the advance. For advances made before July 1, 1993, the state board may provide, either before an advance is made or before an advance is fully paid, that the payment of the advance may not be prepaid by more than six (6) months. For advances made after June 30, 1993, for school building construction programs, the state board may provide that the advances are prepayable at any time.(b) The state board of finance shall periodically establish the rate or rates of interest payable on advances for school building construction programs as long as:(1) the established interest rate or rates do not exceed seven and one-half percent (7.5%); and(2) the interest rate or rates on advances made to school corporations with advances outstanding on July 1, 1993, bearing interest at seven and one-half percent (7.5%) or more shall not exceed four percent (4%).[Pre-2006 Recodification Citation: 21-1-5-5(a).]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-16 (2021)
2021 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|20-49-4-16. Maximum Term of Advance; Educational Technology Program; Prepayment; Interest Rate

Sec. 16. (a) Money advanced to a school corporation for an educational technology program may be for a period not exceeding five (5) years. The school corporation to which an advance is made shall pay interest on the advance. Advances for educational technology programs may be prepaid at any time.(b) The state board of finance shall periodically establish the rate or rates of interest payable on advances for educational technology programs as long as the established interest rate or rates:(1) are not less than one percent (1%); and(2) do not exceed four percent (4%).[Pre-2006 Recodification Citation: 21-1-5-5(b).]As added by P.L.2-2006, SEC.172.
IN Code § 20-49-4-17 (2021)
2021 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

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.