Sec. 7. If a school files an application for an advance as required by the state board, and the state board finds that the school: (1) qualifies for an advance under section 8 of this chapter; and (2) will use the advance proceeds for educational purposes; the state board shall make the advance to the school. As added by P.L.213-2015, SEC.232.
State board approval
Ind. Code § 20-49-9-7, under Charter and Innovation School Advance Program.
Ind. Code § 20-49-9-7