1. (a) An existing public elementary or secondary school may be converted into a charter school if the governing body of the school corporation:

   1. (1) votes to convert the school within the school corporation; and
   2. (2) submits to an authorizer a proposal described in IC 20-24-3-4 to convert the school within the school corporation to a charter school.
2. (b) The governing body of the school corporation described in subsection (a) may not serve as the authorizer of the charter school converted in accordance with this section.

3. (c) The organizer of a conversion charter school described in this section may be:

   1. (1) the school corporation; or

   2. (2) a nonprofit corporation that:

      1. (A) is established by the school corporation;
      2. (B) is incorporated or registered in Indiana;
      3. (C) has been recognized by the Internal Revenue Service to be tax exempt and maintains such tax exempt status; and
      4. (D) has an independent board whose members have been elected or selected under the organizer's application and that has entered into a contract under this article to operate a charter school.

4. (d) The governing body of a school corporation may convert more than one (1) existing public elementary or secondary school within the school corporation under this section. The school corporation or an organizer that is a nonprofit corporation established by the school corporation under subsection (c)(2) may:

   1. (1) submit a separate proposal for each school to an authorizer; or

   2. (2) with the approval of the authorizer, operate two (2) or more schools under a single charter, provided that each school site:

      1. (A) is identified in the charter application and charter; and
      2. (B) is subject to the performance conditions, accountability measures, and renewal determinations established in the charter.

5. (e) A conversion charter school described in this section shall comply with the following:

   1. (1) All legal requirements described in section 1(d) of this chapter.
   2. (2) Except as provided in this section, all requirements for charter schools under this article.

As added by P.L.151-2026, SEC.4.