Sec. 4. (a) The charter school facility grant program is established to provide grants to charter schools that may be used for the following:
(1) The purposes listed in IC 20-40-9-6 for which a school corporation may use money in the school corporation's debt service fund.
(2) The purposes listed in IC 20-40-18-7 for which a school corporation may use money in the school corporation's operations fund.
(b) The state board shall administer the program.