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 and innovation network schools under IC 20-49-9; and
(5) to a school corporation or charter school (or a coalition of public schools applying jointly) under IC 20-49-10.
Unless the context clearly requires otherwise, a reference to a school corporation in this chapter includes a school corporation career and technical education school described in IC 20-37-1-1. However, an advance to a school corporation career and technical education school described in IC 20-37-1-1 is not considered an advance to a school corporation for purposes of determining if the school corporation career and technical education school described in IC 20-37-1-1 qualifies for an advance.