With the approval of a majority of the members of the governing body, a school corporation may distribute a proportionate share of the school corporation's operations fund to a charter school. A charter school may elect to distribute a proportionate share of the charter school's operations fund to the school corporation in whose district the charter school is located.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5.5-7-6.]

As added by P.L.1-2005, SEC.8. Amended by P.L.244-2017, SEC.29; P.L.154-2020, SEC.39; P.L.189-2023, SEC.4; P.L.68-2025, SEC.203; P.L.230-2025, SEC.131.