Indiana § 20-24-3-2 Authorization of charter to nonprofit entities

Indiana Statutes

§ 20-24-3-2 — Authorization of charter to nonprofit entities

Indiana·Title 20 EDUCATION·Art. 24 CHARTER SCHOOLS·Ch. 3 Establishment of Charter Schools

(a)An authorizer may not grant a charter to a for-profit entity.

(b)If an organizer has not received a determination by the Internal Revenue Service of its tax exempt status as of the date the organizer is scheduled to provide instruction to students attending the charter school, the organizer must request and receive express written authorization from the authorizer that the organizer may provide instruction to students attending the charter school pending such determination.

(c)The organizer shall immediately inform the authorizer if the organizer's tax exempt status is questioned, modified, or revoked by the Internal Revenue Service or if the organizer's nonprofit corporation status is questioned, modified, or revoked by the state. [Pre-2005 Elementary and Secondary Education Recodif

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(a) An authorizer may not grant a charter to a
for-profit entity.
(b) If an organizer has not received a determination by the Internal
Revenue Service of its tax exempt status as of the date the organizer is
scheduled to provide instruction to students attending the charter
school, the organizer must request and receive express written
authorization from the authorizer that the organizer may provide
instruction to students attending the charter school pending such
determination.
(c) The organizer shall immediately inform the authorizer if the
organizer's tax exempt status is questioned, modified, or revoked by the
Internal Revenue Service or if the organizer's nonprofit corporation
status is questioned, modified, or revoked by the state.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-5.5-3-2.]

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