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§ 20-49-2-5 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 20 - Education/
  5. Article 49 - State Management of Common School Funds; State Advances and Loans/
  6. Chapter 2 - Administration of Veterans Memorial School Construction Fund; School Disaster Loan Fund20-49-2-1. "Advancement"/
  7. § 20-49-2-5
Indiana Legal Code

§ 20-49-2-5

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The state board may not order advancements under this chapter during any fiscal year that in total exceed the sum of:(1) the balance remaining in the veterans memorial school construction fund at the end of the preceding fiscal year; and(2) all accruals and transfers to the veterans memorial school construction fund.[Pre-2006 Recodification Citation: 21-1-11-9(b).]As added by P.L.2-2006, SEC.172.