Section 20-24-7-6 - Optional revenue sharing from operations, education, and school safety referendum tax funds(a) With the approval of a majority of the members of the governing body, a school corporation may distribute a proportionate share of the school corporation's operations fund to a charter school. A charter school may elect to distribute a proportionate share of the charter school's operations fund to the school corporation in whose district the charter school is located.(b) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a governing body may distribute money that is received as part of a tax levy collected under IC 20-46-1 from the school corporation's education fund to a charter school, excluding a virtual charter school, in the manner provided by IC 20-46-1-8(e).(c) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a governing body may distribute money from the school safety referendum tax levy fund to a charter school, excluding a virtual charter school, in the manner prescribed by IC 20-46-9-6(b).Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5.5-7-6.
Amended by P.L. 189-2023,SEC. 4, eff. 5/4/2023.Amended by P.L. 154-2020,SEC. 39, eff. 3/21/2020.Amended by P.L. 244-2017,SEC. 29, eff. 1/1/2019.As added by P.L. 1-2005, SEC.8.