Sec. 12. To qualify for an advance under this chapter, a school corporation must establish an operations fund under IC 20-40-18. The state board, after consulting with the department and the budget agency, may waive or modify this requirement upon a showing of good cause by the school corporation.
[Pre-2006 Recodification Citation: 21-1-5-4(a).]
As added by P.L.2-2006, SEC.172. Amended by P.L.244-2017, SEC.120.