Introduced Version






SENATE BILL No. 195

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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.





Mrvan




    January 9, 2006, read first time and referred to Committee on Education and Career Development.







Introduced

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 education finance.

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 the following:
        (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 following:
            (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.