Sec. 5. (a) Money in the fund may be used for any lawful school expenses, including making a transfer to the school corporation's education fund (IC 20-40-2) or operations fund (IC 20-40-18).
(b) A school corporation may distribute proceeds of a tax levy collected under IC 20-46-1 that is transferred to the school corporation's education fund to a charter school, excluding a virtual charter school, that is located within the attendance area of the school corporation.
[Pre-2006 Recodification Citation: 21-2-11.6-3(c) part.]
As added by P.L.2-2006, SEC.163. Amended by P.L.244-2017, SEC.75; P.L.154-2020, SEC.40.