SENATE BILL No. 195
DIGEST OF INTRODUCED BILL
Citations Affected: IC 20-24-7-12.
Synopsis: Charter school budget review. Requires a charter school to
submit its budget to the governing body of the school corporation in
which the charter school is located for review and approval. Provides
that a charter school may not receive funding if the school corporation
governing body does not approve the charter school's budget.
Effective: July 1, 2006.
January 9, 2006, read first time and referred to Committee on Education and Career
Second Regular Session 114th General Assembly (2006)
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SENATE BILL No. 195
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 20-24-7-12; (06)IN0195.1.1. -->
SECTION 1. IC 20-24-7-12 IS ADDED TO THE INDIANA CODE
AS A NEW
SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2006]: Sec. 12. (a) Not less than thirty (30) days before the last
day that a school corporation must meet to fix the school
corporation's budget for the ensuing budget year under
IC 6-1.1-17-5 or IC 6-1.1-17-5.6 (as applicable), a charter school
shall submit its budget for the ensuing budget year to the
governing body of the school corporation in which the charter
school is located for review and approval. However, in the case of
Campagna Academy Charter School, the budget must be
submitted to the school corporation in which the majority of its
students have legal settlement.
(b) Not later than sixty (60) days after a charter school submits
its budget to the governing body under subsection (a), the
governing body shall either approve or disapprove the budget
submitted by the charter school.
(c) As soon as practicable after taking action under subsection
(b), the governing body shall certify the governing body's action to
(1) The department of local government finance.
(2) The department.
(3) The county auditor for:
(A) the county where the charter school is located; or
(B) in the case of Campagna Academy Charter School, the
county containing the school corporation in which the
majority of the Academy's students have legal settlement.
(4) The charter school.
(d) The following apply if the governing body does not approve
the charter school's budget under subsection (b):
(1) The maximum ad valorem property tax levy of each school
corporation that has students attending the charter school is
the sum of the amounts in IC 6-1.1-19-1.5(b) STEP FIVE (A)
through IC 6-1.1-19-1.5(b) STEP FIVE (C).
(2) The charter school may not receive any advances of
money, grants of money, or transfers of money for the budget
year from the state, the school corporation where the charter
school is located, or any school corporation that has students
attending the charter school, including distributions under the
(A) Section 3 of this chapter.
(B) IC 6-1.1-19-12.
(C) The primetime program.
(D) Tuition support.
(E) Special education grants.
(F) Vocational education grants.
SOURCE: ; (06)IN0195.1.2. -->
SECTION 2. [EFFECTIVE JULY 1, 2006] IC 20-24-7-12, as
added by this act, applies only to payments due to a charter school
after December 31, 2006.