(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).]As added by P.L.2-2006, SEC.172. Amended by P.L.244-2017, SEC.120; P.L.189-2023, SEC.47.
Indiana Legal Code