Bob Behning, R-Indianapolis, has proposed a plan to allow failing private and religious schools to appeal to keep receiving publicly funded vouchers.
The building will require renovations before the school opens in August.
The bill contains controversial language about collective bargaining for teachers and school vouchers.
The FSSA announced Monday more money will be available to low income families in Indiana who use a federal voucher program to pay for daycare.
Gov. Mike Pence re-emphasized his proposed initiatives for a pre-k voucher program and touched on the constitutional amendment that would ban same-sex marriage.
With only minor changes proposed, the voucher expansion will likely be passed
The Indiana Senate on Wednesday passed a bill that allows more students to become eligible for the state's school voucher program.
But public school officials fear the ruling upholding the state's voucher program will lead to an outflow of students, and, therefore, dollars.
The committee changed the bill so students are still required to attend one year of public school before being eligible for a voucher.
An IU education policy director says what happens at a Senate Education Committee meeting Wednesday could be a harbinger for school voucher expansion.