(a) This section applies to revenue collected:
- (1) after June 30, 2024, and before January 1, 2028, from a tax levy imposed under IC 20-46-8 by the governing body of a school corporation described in IC 20-46-8-11.2 (a); and
- (2) after December 31, 2027, in the case of a tax levy imposed under IC 20-46-8 by the governing body of a school corporation.
- (b) In calendar year 2025, 2026, and 2027, the county auditor shall distribute money that is received as part of a tax levy collected under IC 20-46-8 to an eligible charter school, excluding a virtual charter school and adult high school, for deposit in the charter school's operations fund created under IC 20-40-18-1 . The distributions shall be made at the same time that tax levy revenue is required to be distributed to school corporations.
- (c) Beginning in calendar year 2028, and each year thereafter, the county auditor shall distribute money that is received as part of a tax levy collected under IC 20-46-8 to an eligible charter school, excluding a virtual charter school and adult high school, in the manner prescribed by IC 20-46-8-12 for deposit in the charter school's operations fund created under IC 20-40-18-1 . The distributions shall be made at the same time that tax levy revenue is required to be distributed to school corporations.
As added by P.L.201-2023, SEC.153. Amended by P.L.68-2025, SEC.204.