Title 20, EDUCATION

Sec. 16. This chapter shall be construed as being supplemental to all other laws covering the acquisition, use, and maintenance of school buildings by school corporations or the public education corporation. However, as to school buildings constructed or leased under this chapter…

Sec. 17. (a) A corporation qualifying as a lessor corporation under this chapter may issue and sell bonds and other securities. Mortgage bonds issued by a lessor corporation that are a first lien on the leased property are legal and proper investments for state banks and trust co…

Sec. 18. (a) Upon the termination of a lease entered into under this chapter, the lessor corporation shall return to the school corporation or public education corporation any money held by the lessor corporation that exceeds the amount needed to retire bonds issued under this ch…

Sec. 2. As used in this chapter, "school building" means a building used as part of or in connection with the operation of schools and includes the: (1) site for the building; (2) equipment for the building; and (3) appurtenances to the building, such as heating facilities, water…

Sec. 3. (a) A school corporation or the public education corporation may lease a school building or buildings for the use of: (1) the school corporation or public education corporation; or (2) a joint or consolidated school district of which the school corporation is a part or to…

Sec. 4. A school corporation, school corporations, or the public education corporation may enter into a lease or lease with option to purchase under this chapter only with: (1) a corporation organized under Indiana law or admitted to do business in Indiana; or (2) a religious org…

Sec. 5. (a) Except as provided in subsections (d) and (e), a lease must provide that the school corporation, school corporations, or the public education corporation have an option to: (1) renew the lease for a further term on like conditions; and (2) purchase the property covere…

Sec. 6. (a) A lessor corporation proposing to build a school building or buildings must submit preliminary plans, specifications, and estimates for the building or buildings to the lessee or lessees before the execution of the lease. Final plans and specifications must be submitt…

Sec. 7. A lease entered into under this chapter may provide that as a part of the lease rental for the school building or buildings the lessee or lessees shall: (1) pay all taxes and assessments levied against or on account of the leased property; (2) maintain insurance on the le…

Sec. 8. (a) Except as provided in subsection (b), a school corporation, school corporations, or the public education corporation may, in anticipation of the acquisition of a site and the construction and erection of a school building or buildings, and, subject to the approval of …

Sec. 9. (a) After the lessor corporation and the school corporation, school corporations, or public education corporation have agreed upon the terms and conditions of a lease proposed to be entered into under this chapter, and before the final execution of the lease, a notice sha…

Sec. 0.5. After March 31, 2026, the public education corporation may exercise the same powers, duties, and responsibilities granted to the school city under this chapter as set forth in IC 20-25.3. As added by P.L.101-2026, SEC.65.

Sec. 1. This chapter applies only to a school city to which IC 20-25 applies. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.171.

Sec. 2. As used in this chapter, "board" has the meaning set forth in IC 20-25-2-5. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.171.

Sec. 3. As used in this chapter, "school city" has the meaning set forth in IC 20-25-2-12. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.171.

Sec. 4. (a) The board may periodically, as the need arises, borrow money and issue school building bonds to supply the school city with funds: (1) to buy real estate; (2) to erect buildings for school or administrative purposes; (3) to enlarge, remodel, and repair school building…

Sec. 5. (a) The board may, if the school corporation's operations fund is exhausted or in the board's judgment is in danger of exhaustion, make temporary loans for the use of the operations fund to be paid out of the proceeds of taxes levied by the school city for the operations …

Sec. 6. (a) A school city wishing to make a temporary loan for its operations fund under this section may temporarily borrow money, without payment of interest, from the school city's treasury if the school city has in its treasury money derived from the sale of bonds that cannot…

Sec. 7. A school city shall provide for the payment and retirement of debt obligations of the school city in the manner provided under IC 20-46-7, IC 20-48-1-6, and IC 20-48-1-11. [Pre-2006 Recodification Citation: 20-25-4-9.] As added by P.L.2-2006, SEC.171.

Sec. 8. (a) The board may not create debt exceeding twenty-five thousand dollars ($25,000) in total, except: (1) as otherwise provided in IC 20-25-4 or this chapter; or (2) for debts that exist after March 8, 1931, that are authorized by the general school laws of Indiana, includ…

Sec. 1. This chapter applies only to money in the fund that is not being held in trust by the several counties under IC 20-42. [Pre-2006 Recodification Citation: 21-1-3-1 part.] As added by P.L.2-2006, SEC.172.

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 Unite…

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…

Sec. 12. (a) The state board of finance shall direct all disbursement from the fund. The state comptroller shall draw the state comptroller's warrant on the treasurer of state, on a properly itemized voucher officially approved by: (1) the president of the 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 fro…

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 …

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.

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 …

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…

Sec. 2. This chapter is in furtherance of the duties that are imposed exclusively upon the general assembly by the Constitution of the State of Indiana in connection with the: (1) maintenance of a general and uniform system of common schools; and (2) investment and reinvestment o…

Sec. 3. 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.

Sec. 4. (a) The treasurer of state is the exclusive custodian of the fund not held in trust by the several counties under IC 20-42-1. (b) The state board of finance has full and complete management and control of the fund. The state board of finance shall invest the fund as provi…

Sec. 5. The state board shall administer the fund and this chapter. [Pre-2006 Recodification Citation: 21-1-4-2.] As added by P.L.2-2006, SEC.172.

Sec. 6. The state board may adopt rules under IC 4-22-2 necessary to administer the fund to carry out this chapter and IC 20-49-4. [Pre-2006 Recodification Citation: 21-1-4-3.] As added by P.L.2-2006, SEC.172.

Sec. 7. The fund interest balance is annually appropriated for the support of the common schools. [Pre-2006 Recodification Citation: 21-1-1-1.5.] As added by P.L.2-2006, SEC.172.

Sec. 8. The fund may be used to make advances: (1) to school corporations, including school corporation career and technical education schools described in IC 20-37-1-1, under IC 20-49-4 and IC 20-49-5; (2) to charter schools under IC 20-49-4; (3) under IC 20-49-6; (4) to charter…

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 …

Sec. 1. This chapter applies after June 30, 2009. As added by P.L.133-2008, SEC.3.

Sec. 1.1. As used in this chapter, "foster care" has the meaning set forth in IC 31-9-2.1-107. As added by P.L.46-2016, SEC.3. Amended by P.L.145-2026, SEC.123.

Sec. 2. As used in this chapter, "original school corporation" means the school corporation in which the school of origin of a student in foster care is located. As added by P.L.133-2008, SEC.3.

Sec. 3. As used in this chapter, "school of origin" means the school: (1) that a student in foster care attended when the student last had a permanent residence; or (2) in which a student in foster care was last enrolled. As added by P.L.133-2008, SEC.3.

Sec. 4. As used in this chapter, "transitional school corporation" means the school corporation in which a student in foster care temporarily stays. As added by P.L.133-2008, SEC.3.

Sec. 5. (a) If a student in foster care temporarily stays in the student's original school corporation but outside the attendance area of the student's school of origin, the original school corporation shall provide transportation for the student from the place where the student …

Sec. 6. In transporting a student in foster care to a school of origin as provided under this chapter, the school corporation is subject to IC 20-27-12-5. As added by P.L.167-2018, SEC.12.

Sec. 0.5. Each provision of P.L.92-2011 is presumed to be and is severable from the remainder to the fullest extent and under IC 1-1-1-8. If any phrase, clause, sentence, or provision of IC 6-3.1-30.5 or IC 20-51, as added and amended, is held invalid for any reason, the invalidi…

Sec. 1. A program qualifies for certification as a school scholarship program if: (1) the program: (A) is administered by a scholarship granting organization; and (B) has the primary purpose of providing school scholarships to eligible students; and (2) the scholarship granting o…