Ind. Code § 20-49-4-12

Condition of advance; capital projects operations fund

Redline — January 1, 2018 → current.View current text →

Current — January 1, 2023

As of January 1, 2018

Note: This version of section effective until 1-1-2019. See also following version of this section, effective 1-1-2019.

Sec. 12. (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.

~~Sec. 12. To qualify for an advance under this chapter, a school corporation must establish a capital projects fund under IC 20-40-8.~~ The state board, after consulting with the department and the budget agency, may waive or modify ~~this~~ requirement upon a showing of good cause by the school ~~corporation.~~

(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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.