Section 20-49-4-12 - Condition of advance; capital projects operations fund(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).
Amended by P.L. 189-2023,SEC. 47, eff. 7/1/2023.Amended by P.L. 244-2017,SEC. 120, eff. 1/1/2019.As added by P.L. 2-2006, SEC.172.