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Indiana Code Title 20. Education § 20-24-7-6.1

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 6.1. (a) This section applies to revenue collected:

(1) after June 30, 2024, and before January 1, 2028, from a tax levy imposed under IC 20-46-8 by the governing body of a school corporation described in IC 20-46-8-11.2(a);  and

(2) after December 31, 2027, in the case of a tax levy imposed under IC 20-46-8 by the governing body of a school corporation.

(b) In calendar year 2025, 2026, and 2027, the county auditor shall distribute money that is received as part of a tax levy collected under IC 20-46-8 to an eligible charter school, excluding a virtual charter school and adult high school, for deposit in the charter school's operations fund created under IC 20-40-18-1.  The distributions shall be made at the same time that tax levy revenue is required to be distributed to school corporations.

(c) Beginning in calendar year 2028, and each year thereafter, the county auditor shall distribute money that is received as part of a tax levy collected under IC 20-46-8 to an eligible charter school, excluding a virtual charter school and adult high school, in the manner prescribed by IC 20-46-8-12 for deposit in the charter school's operations fund created under IC 20-40-18-1.  The distributions shall be made at the same time that tax levy revenue is required to be distributed to school corporations.

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Cite this article: FindLaw.com - Indiana Code Title 20. Education § 20-24-7-6.1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-20-education/in-code-sect-20-24-7-6-1/

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