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

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