(1) The maintenance, repair, renovation, and new construction of academic facilities;
(2) The cost of acquiring a site and constructing and equipping an academic facility on that site;
(3) The purchase of instructional materials, technology systems, and other academic equipment; and
(4) The repayment of debt incurred by an open enrollment public charter school for one (1) or more of the purposes identified in subdivisions (1)-(3) of this section.
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