Note: This version of section effective 7-1-2024. See also preceding version of this section, effective until 7-1-2024.

     Sec. 1. (a) The governing body of each school corporation shall create an operations fund to be used by the school corporation after December 31, 2018.

Terms Used In Indiana Code 20-40-18-1 v2

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
     (b) The governing body of each charter school that receives a distribution of revenue received from a tax levy under IC 20-46-8-11.2 shall create an operations fund to be used by the charter school after December 31, 2024.

As added by P.L.244-2017, SEC.86. Amended by P.L.201-2023, SEC.185.

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