Note: This version of section effective until 1-1-2019. See also following version of this section, effective 1-1-2019.

Sec. 12. To qualify for an advance under this chapter, a school corporation must establish a capital projects fund under IC 20-40-8 . 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.