(a) The operations fund shall be used to deposit the following after December 31, 2018, in the case of a school corporation:(1) Revenue from the school corporation's operations fund property tax levy under IC 20-46-8.(2) The sum of the following excise tax revenue received for deposit in the fund in the calendar year in which the school year begins:(A) Financial institutions excise tax (IC 6-5.5).(B) Motor vehicle excise taxes (IC 6-6-5).(C) Commercial vehicle excise taxes (IC 6-6-5.5).(D) Boat excise tax (IC 6-6-11).(E) Aircraft license excise tax (IC 6-6-6.5).(3) Transfers from the education fund (IC 20-40-2) or the operating referendum tax levy fund (IC 20-40-3), if any.(4) Allocations of local income taxes to the school corporation under IC 6-3.6-6, if any.(b) The operations fund shall be used to deposit amounts distributed to the charter school under IC 20-46-8-11.2 after December 31, 2024.As added by P.L.244-2017, SEC.86. Amended by P.L.201-2023, SEC.186.
Indiana Legal Code