A public school district or open-enrollment charter school may loan a surplus personal computer to a currently enrolled student of that school district or charter school for no longer than the school year under the following conditions:

1. (1) All information and other records from the personal computer which are required by law not to be disclosed by the school district or charter school are removed;

2. (2) The student's parent, guardian, or caregiver provides written verification that:

   1. (A) The student does not have access to a personal computer in his or her home environment;
   2. (B) The student needs the use of a personal computer for educational purposes; and
   3. (C) One (1) of the student’s teachers is willing to attest to the student's need for access to a personal computer;

3. (3) The student's parent, guardian, or caregiver signs an agreement accepting legal responsibility and liability for:

   1. (A) The value and maintenance of the personal computer while in the student's possession; and
   2. (B) Any reasonable cost associated with the recovery of the personal computer if it is not returned on the agreed-upon date or is damaged upon return; and
4. (4) The student's parent, guardian, or caregiver signs an agreement agreeing that the school district or charter school may sell the personal computer loaned to the student if the school district or charter school determines that selling the computer would be beneficial and the computer is sold for its fair market value.