Indiana Statutes

§ 20-40-18-10.5 — Use of a charter school's operations fund

Indiana § 20-40-18-10.5
JurisdictionIndiana
Title 20EDUCATION
Art. 40GOVERNMENT FUNDS AND ACCOUNTS
Ch. 18School Corporation Operations Fund

This text of Indiana § 20-40-18-10.5 (Use of a charter school's operations fund) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 20-40-18-10.5 (2026).

Text

5.

(a)This section applies only to eligible charter schools that receive amounts distributed under IC 20-46-8-11.2 or IC 20-46-8-12.
(b)For purposes of this section, "charter board" means the governing body of the organizer (as defined in IC 20-24-1-7) of an eligible charter school.
(c)The operations fund may be used only to do the following:
(1)Carry out a capital projects plan under the following conditions:
(A)The plan must include all proposed expenditures that exceed ten thousand dollars ($10,000) and are for:
(i)capital assets; or
(ii)projects that are considered capital in nature, including technology related projects.
(B)If a charter school wants to use money in the operations fund during the year to pay for any items listed in clause (E) that are considered capital in natu

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Legislative History

As added by P.L.201-2023, SEC.187. Amended by P.L.68-2025, SEC.214.

Nearby Sections

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Bluebook (online)
Indiana § 20-40-18-10.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/20-40-18-10.5.