Indiana § 20-49-4-12 Condition of advance; capital projects operations fund

Indiana Statutes

§ 20-49-4-12 — Condition of advance; capital projects operations fund

Indiana § 20-49-4-12

Title 20EDUCATION

Art. 49STATE MANAGEMENT OF COMMON SCHOOL

Ch. 4Advancement From Common School Fund; Buildings;

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Bluebook

Ind. Code § 20-49-4-12 (2026).

Text

(a)For a school corporation or charter school to qualify for an advance under this chapter, a:

(1)school corporation must establish an operations fund under IC 20-40-18; and

(2)charter school must establish an operations fund.

(b)The state board, after consulting with the department and the budget agency, may waive or modify the requirement under this section upon a showing of good cause by the school corporation or charter school. [Pre-2006 Recodification Citation: 21-1-5-4(a).]

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(a) For a school corporation or charter
school to qualify for an advance under this chapter, a:
(1) school corporation must establish an operations fund under IC 20-40-18; and
(2) charter school must establish an operations fund.
(b) The state board, after consulting with the department and the
budget agency, may waive or modify the requirement under this section
upon a showing of good cause by the school corporation or charter
school.
[Pre-2006 Recodification Citation: 21-1-5-4(a).]