Indiana Statutes
§ 20-49-4-12 — Condition of advance; capital projects operations fund
Indiana·Title 20 EDUCATION·Art. 49 STATE MANAGEMENT OF COMMON SCHOOL·Ch. 4 Advancement From Common School Fund; Buildings;
(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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Legislative History
As added by P.L.2-2006, SEC.172. Amended by P.L.244-2017,
SEC.120; P.L.189-2023, SEC.47.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes