- (a) The governing body of each school corporation shall create an operations fund to be used by the school corporation after December 31, 2018.
- (b) The governing body of each charter school that receives a distribution of revenue received from a tax levy under IC 20-46-8-11.2 or IC 20-46-8-12 shall create an operations fund to be used by the charter school after December 31, 2024.
As added by P.L.244-2017, SEC.86. Amended by P.L.201-2023, SEC.185; P.L.68-2025, SEC.212.