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DIGEST OF HB 1315 (Updated February 27, 2002 8:14 PM - DI 84)
Charter school financing. Authorizes charter schools to obtain financing through a local public improvement bond bank, for schools located in Marion County. Authorizes charter schools, other than schools located inside Marion County, and certain volunteer fire departments to obtain financing through the state bond bank. Sets forth a formula for determining the share of the state distribution received by a charter school and establishes a schedule for state and local distributions to charter schools. Allows charter schools to receive advances from the common school fund.